HB 828 Summary

• Increases the Board of Agriculture Chairperson's authority to approve agricultural and aquacultural loans from $25,000 to $50,000 of state funds per applicant.

• The increased authority applies to loans where the requested amount plus any existing principal balance on loans to the applicant does not exceed $50,000.

• Amends Section 155-4 of the Hawaii Revised Statutes regarding the Department of Agriculture's powers and duties.

• Amends Section 219-5 of the Hawaii Revised Statutes to reflect the higher loan approval threshold for the chairperson.

• Takes effect upon approval.