HI SB1151

Amends Section 155-4, Hawaii Revised Statutes, to increase the loan approval authority delegated to the Department of Agriculture's chairperson (specific dollar amount left blank in the bill text).

Amends Section 219-5, Hawaii Revised Statutes, to increase the maximum loan amount the chairperson may approve for agricultural and aquacultural loans, replacing the previous $25,000 limit with an unspecified amount.

Changes apply to loans where the requested amount plus any existing principal balance on current loans to the applicant does not exceed the new threshold.

Effective date set for July 1, 2150 (appears to be a drafting error, as this date is over 125 years in the future).