HI HB2216

Authorizes the Department of Agriculture and Biosecurity to package and sell portions of its agricultural loan portfolio to permitted third parties, with sales capped at $10,000,000 in appraised loan value.

Requires all proceeds from loan sales to be deposited into the agricultural loan revolving fund for additional agricultural loan funding.

Increases the expenditure ceiling for the agricultural loan revolving fund by appropriating funds from the revolving fund for fiscal year 2026-2027 (amount left blank in bill text).

Responds to high demand for the agricultural loan program following modifications made by Act 69, Session Laws of Hawaii 2025, which generated overwhelming applications within two months of implementation.

Takes effect July 1, 3000 (placeholder date).