REPORT TITLE:
Agricultural Loan Program 


DESCRIPTION:
Appropriation to expand the agricultural loan program.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           2022
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

MAKING AN APPROPRIATION FOR THE AGRICULTURAL LOAN PROGRAM. 


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The legislature finds that Hawaii's struggling
 
 2 economy is due in part to the demise of sugar exportation.  Among
 
 3 the fifty states, Hawaii is ranked last for exports.  The
 
 4 legislature also finds that immigrant farmers from South East
 
 5 Asia are successfully growing crops in Hawaii for exportation.
 
 6 Furthermore, although Hawaii is known for its macadamia nuts and
 
 7 coffee, other potential crops such as flowers or herbs must also
 
 8 be developed.  Increased exportation of agricultural products
 
 9 will bring new money into the State, which will help stimulate
 
10 Hawaii's economy.  Therefore, the purpose of this Act is to
 
11 increase financial support to farmers through the expansion of
 
12 the agricultural loan program.
 
13      SECTION 2.  There is appropriated out of the general
 
14 revenues of the State of Hawaii the sum of $100,000,000, or so
 
15 much thereof as may be necessary for fiscal year 2000-2001, to
 
16 expand the agricultural loan program.  The sum appropriated shall
 
17 be paid into the agricultural loan revolving fund established
 
18 under section 155-14, Hawaii Revised Statutes.
 
19      SECTION 3.  There is appropriated out of the agricultural
 

 
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                                     S.B. NO.           2022
                                                        
                                                        

 
 1 loan revolving fund of the State of Hawaii the sum of
 
 2 $100,000,000, or so much thereof as may be necessary for fiscal
 
 3 year 2000-2001, to expand the agricultural loan program.
 
 4      SECTION 4.  The sum appropriated shall be expended by the
 
 5 department of agriculture for the purposes of this Act.
 
 6      SECTION 5.  This Act shall take effect on July 1, 2000.
 
 7 
 
 8                           INTRODUCED BY:  _______________________