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HI SB2309
Bill
Status
1/21/2026
Primary Sponsor
Ronald Kouchi
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AI Summary
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Authorizes the Department of Agriculture and Biosecurity's Agricultural Loan Division to sell portions of its loan portfolio (valued at approximately $11,000,000) to permitted third parties, with proceeds deposited into the Agricultural Loan Revolving Fund
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Addresses demand created by Act 69 (2025), which expanded farm loan access; within two months of implementation, the division approved $5,000,000 in loans and received an additional $10,000,000 in unfunded applications
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Current $5,000,000 annual ceiling on the Agricultural Loan Revolving Fund has caused loan applications to be placed on hold, limiting financing for Hawaii farmers
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Appropriates an unspecified amount from the Agricultural Loan Revolving Fund for fiscal year 2026-2027 to increase the fund's expenditure ceiling
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Effective date of July 1, 2050
Legislative Description
Relating To Agricultural Loans.
Appropriation ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/11/2026