HB 2216: DAB; Agricultural Loans; Sale; Agricultural Loan Revolving Fund Expenditure Ceiling; Appropriation
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2026-03-25
Current Status:
Failed
(2026-04-08: The committee on WAM has deleted the measure from decision making scheduled on 04-09-26 10:55AM; CR 211 & Videoconference.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
What does this bill do?
The bill lets the Department of Agriculture and Biosecurity bundle and sell part of its farm loan portfolio to permitted private buyers, capped at $10 million in appraised loans, and requires the sale proceeds to return to the Agricultural Loan Revolving Fund for more lending. It also raises the fund's spending limit by appropriating additional money from the revolving fund to support more loans to farmers.
The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/2050. (SD1)
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/3000. (HD2)
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/3000. (HD1)
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2216 |
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THIRTY-THIRD LEGISLATURE, 2026 |
H.D. 2 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO AGRICULTURAL LOANS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that modifications to the State's agricultural loan program made by Act 69, Session Laws of Hawaii 2025 (Act 69), have been well-received by Hawaii's agricultural community as demonstrated by the overwhelming number of agricultural loan program applications received and awarded within the initial two months of Act 69 becoming law. The legislature further finds that because of the popularity of these program modifications, an increase to the expenditure ceiling on the agricultural loan revolving fund is necessary to ensure the department of agriculture and biosecurity can provide adequate financing to support the State's agricultural producers.
Accordingly, the purpose of this Act is to:
(1) Authorize the department of agriculture and biosecurity to package and sell a portion of its loan portfolio to permitted third parties; and
(2) Increase the expenditure ceiling for the agricultural loan revolving fund by appropriating funds out of the revolving fund.
SECTION 2. Section 155-4, Hawaii Revised Statutes, is amended to read as follows:
"§155-4 Powers and duties of the department. The department of agriculture and biosecurity shall have the following powers:
(1) Employ a secretary, who may be exempt from chapter 76, and other full-time and part-time employees, subject to chapter 76, as are necessary to effectuate the purposes of this chapter;
(2) Designate agents throughout the State as may be necessary for property appraisal, the consideration of loan applications, and the supervision of farming operations of borrowers. The agents may be compensated for their services at rates the department in its discretion may fix;
(3) Initiate and carry on a continuing research and education program, utilizing and coordinating the services and facilities of other government agencies and private lenders to the maximum, to inform qualified farmers concerning procedures for obtaining loans and to inform private lenders concerning the advantages of making loans to qualified farmers;
(4) Cooperate with private and federal government farm loan sources to increase the amount of loan funds available to qualified farmers in the State;
(5) Assist individual qualified farmers in obtaining loans from other sources. Insofar as available funds and staff permit, counsel and assist individual farmers in establishing and maintaining proper records to prove their farming ability for loan purposes;
(6) Insure loans made to qualified farmers and food manufacturers by private lenders under section 155-5;
(7) Participate in loans made to qualified farmers and food manufacturers by private lenders under section 155-6;
(8) Make direct loans to qualified farmers and food manufacturers under section 155-8;
(9) Borrow money for loan purposes;
(10) Assign and sell mortgages;
(11) Hold title to, maintain, use, manage, operate, sell, lease, or otherwise dispose of personal and real property acquired by way of foreclosure, voluntary surrender, or otherwise, to recover moneys loaned;
(12) Sue and be sued in the name of the "State of Hawaii";
(13) Exercise incidental powers as are deemed necessary or requisite to fulfill its duty in carrying out the purposes of this chapter;
(14) Delegate authority
to its chairperson to approve loans, where the requested amount plus any
principal balance on existing loans to the applicant, does not exceed $50,000
of state funds; [and]
(15) Package and sell a portion of the loans issued pursuant to this chapter to permitted third parties; provided that all proceeds from any sale shall be deposited into the agricultural loan revolving fund to be made available for additional agricultural loan funding; provided further that the appraised value of the loans to be sold shall not exceed $10,000,000; and
[(15)] (16) Adopt rules
pursuant to chapter 91 necessary for the purpose of this chapter."
SECTION 3. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) All payments received on account of principal or for the sale of loans pursuant to section 155-4 shall be credited to the agricultural loan revolving fund."
SECTION 4. There is appropriated out of the agricultural loan revolving fund the sum of $ or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the revolving fund.
The sum appropriated shall be expended by the department of agriculture and biosecurity for the purposes of this Act.
SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 6. This Act shall take effect on July 1, 2050.
Report Title:
DAB; Agricultural Loans; Sale; Agricultural Loan Revolving Fund Expenditure Ceiling; Appropriation
Description:
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/2050. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2216 |
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THIRTY-THIRD LEGISLATURE, 2026 |
H.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO AGRICULTURAL LOANS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that modifications to the State's agricultural loan program made by Act 69, Session Laws of Hawaii 2025 (Act 69), have been well received by Hawaii's agricultural community as demonstrated by the overwhelming number of agricultural loan program applications received and awarded within the initial two months of Act 69 becoming law. The legislature further finds that because of the popularity of these program modifications, an increase to the expenditure ceiling on the agricultural loan revolving fund is necessary to ensure the department of agriculture and biosecurity can provide adequate financing to support the State's agricultural producers.
Accordingly, the purpose of this Act is to:
(1) Authorize the department of agriculture and biosecurity to package and sell a portion of its loan portfolio to permitted third parties; and
(2) Increase the expenditure ceiling for the agricultural loan revolving fund by appropriating funds out of the revolving fund.
SECTION 2. Section 155-4, Hawaii Revised Statutes, is amended to read as follows:
"§155-4 Powers and duties of the department. The department of agriculture and biosecurity shall have the following powers:
(1) Employ a secretary, who may be exempt from chapter 76, and other full-time and part-time employees, subject to chapter 76, as are necessary to effectuate the purposes of this chapter;
(2) Designate agents throughout the State as may be necessary for property appraisal, the consideration of loan applications, and the supervision of farming operations of borrowers. The agents may be compensated for their services at rates the department in its discretion may fix;
(3) Initiate and carry on a continuing research and education program, utilizing and coordinating the services and facilities of other government agencies and private lenders to the maximum, to inform qualified farmers concerning procedures for obtaining loans and to inform private lenders concerning the advantages of making loans to qualified farmers;
(4) Cooperate with private and federal government farm loan sources to increase the amount of loan funds available to qualified farmers in the State;
(5) Assist individual qualified farmers in obtaining loans from other sources. Insofar as available funds and staff permit, counsel and assist individual farmers in establishing and maintaining proper records to prove their farming ability for loan purposes;
(6) Insure loans made to qualified farmers and food manufacturers by private lenders under section 155-5;
(7) Participate in loans made to qualified farmers and food manufacturers by private lenders under section 155-6;
(8) Make direct loans to qualified farmers and food manufacturers under section 155-8;
(9) Borrow money for loan purposes;
(10) Assign and sell mortgages;
(11) Hold title to, maintain, use, manage, operate, sell, lease, or otherwise dispose of personal and real property acquired by way of foreclosure, voluntary surrender, or otherwise, to recover moneys loaned;
(12) Sue and be sued in the name of the "State of Hawaii";
(13) Exercise incidental powers as are deemed necessary or requisite to fulfill its duty in carrying out the purposes of this chapter;
(14) Delegate authority
to its chairperson to approve loans, where the requested amount plus any
principal balance on existing loans to the applicant, does not exceed $50,000
of state funds; [and]
(15) Package and sell a portion of the loans issued pursuant to this chapter to permitted third parties; provided that all proceeds from any sale shall be deposited into the agricultural loan revolving fund to be made available for additional agricultural loan funding; provided further that the appraised value of the loans to be sold shall not exceed $10,000,000; and
[(15)] (16) Adopt rules
pursuant to chapter 91 necessary for the purpose of this chapter."
SECTION 3. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) All payments received on account of principal or for the sale of loans pursuant to section 155-4 shall be credited to the agricultural loan revolving fund."
SECTION 4. There is appropriated out of the agricultural loan revolving fund the sum of $ or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the revolving fund.
The sum appropriated shall be expended by the department of agriculture and biosecurity for the purposes of this Act.
SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 6. This Act shall take effect on July 1, 3000.
Report Title:
DAB; Agricultural Loans; Sale; Agricultural Loan Revolving Fund Expenditure Ceiling; Appropriation
Description:
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/3000. (HD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2216 |
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THIRTY-THIRD LEGISLATURE, 2026 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO AGRICULTURAL LOANS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that modifications to the State's agricultural loan program made by Act 69, Session Laws of Hawaii 2025 (Act 69), have been well received by Hawaii's agricultural community as demonstrated by the overwhelming number of agricultural loan program applications received and awarded within the initial two months of Act 69 becoming law. The legislature further finds that because of the popularity of these program modifications, an increase to the expenditure ceiling on the agricultural loan revolving fund is necessary to ensure the department of agriculture and biosecurity can provide adequate financing to support the State's agricultural producers.
Accordingly, the purpose of this Act is to:
(1) Authorize the department of agriculture and biosecurity to package and sell a portion of its loan portfolio to permitted third parties; and
(2) Increase the expenditure ceiling for the agricultural loan revolving fund by appropriating funds out of the revolving fund.
SECTION 2. Section 155-4, Hawaii Revised Statutes, is amended to read as follows:
"§155-4 Powers and duties of the department. The department of agriculture and biosecurity shall have the following powers:
(1) Employ a secretary, who may be exempt from chapter 76, and other full-time and part-time employees, subject to chapter 76, as are necessary to effectuate the purposes of this chapter;
(2) Designate agents throughout the State as may be necessary for property appraisal, the consideration of loan applications, and the supervision of farming operations of borrowers. The agents may be compensated for their services at rates the department in its discretion may fix;
(3) Initiate and carry on a continuing research and education program, utilizing and coordinating the services and facilities of other government agencies and private lenders to the maximum, to inform qualified farmers concerning procedures for obtaining loans and to inform private lenders concerning the advantages of making loans to qualified farmers;
(4) Cooperate with private and federal government farm loan sources to increase the amount of loan funds available to qualified farmers in the State;
(5) Assist individual qualified farmers in obtaining loans from other sources. Insofar as available funds and staff permit, counsel and assist individual farmers in establishing and maintaining proper records to prove their farming ability for loan purposes;
(6) Insure loans made to qualified farmers and food manufacturers by private lenders under section 155-5;
(7) Participate in loans made to qualified farmers and food manufacturers by private lenders under section 155-6;
(8) Make direct loans to qualified farmers and food manufacturers under section 155-8;
(9) Borrow money for loan purposes;
(10) Assign and sell mortgages;
(11) Hold title to, maintain, use, manage, operate, sell, lease, or otherwise dispose of personal and real property acquired by way of foreclosure, voluntary surrender, or otherwise, to recover moneys loaned;
(12) Sue and be sued in the name of the "State of Hawaii";
(13) Exercise incidental powers as are deemed necessary or requisite to fulfill its duty in carrying out the purposes of this chapter;
(14) Delegate authority
to its chairperson to approve loans, where the requested amount plus any
principal balance on existing loans to the applicant, does not exceed $50,000
of state funds; [and]
(15) Package and sell a portion of the loans issued pursuant to this chapter to permitted third parties; provided that all proceeds from any sale shall be deposited into the agricultural loan revolving fund to be made available for additional agricultural loan funding; provided further that the appraised value of the loans to be sold shall not exceed $10,000,000; and
[(15)] (16) Adopt rules
pursuant to chapter 91 necessary for the purpose of this chapter."
SECTION 3. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) All payments received on account of principal or for the sale of loans pursuant to section 155-4 shall be credited to the agricultural loan revolving fund."
SECTION 4. There is appropriated out of the agricultural loan revolving fund the sum of $10,000,000 or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the revolving fund.
The sum appropriated shall be expended by the department of agriculture and biosecurity for the purposes of this Act.
SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 6. This Act shall take effect on July 1, 3000.
Report Title:
DAB; Agricultural Loans; Sale; Agricultural Loan Revolving Fund Expenditure Ceiling; Appropriation
Description:
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/3000. (HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2216 |
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THIRTY-THIRD LEGISLATURE, 2026 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to agricultural Loans.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that modifications to the State's agricultural loan programs made by Act 69, Session Laws of Hawaii 2025 (Act 69), have been well received by Hawaii's agricultural community as demonstrated by the overwhelming number of agricultural loan program applications received and awarded within the initial two months of Act 69 becoming law. The legislature further finds that because of the popularity of these program modifications, an increase to the expenditure ceiling on the agricultural loan revolving fund is necessary to ensure the department of agriculture and biosecurity can provide adequate financing to support the State's agricultural producers.
Accordingly, the purpose of this Act is to:
(1) Authorize the department of agriculture and biosecurity to package and sell a portion of its loan portfolio to permitted third parties; and
(2) Increase the expenditure ceiling for the agricultural loan revolving fund.
SECTION 2. Section 155-4, Hawaii Revised Statutes, is amended to read as follows:
"§155-4 Powers and duties of the department. The department of agriculture and biosecurity shall have the following powers:
(1) Employ a secretary, who may be exempt from chapter 76, and other full-time and part-time employees, subject to chapter 76, as are necessary to effectuate the purposes of this chapter;
(2) Designate agents throughout the State as may be necessary for property appraisal, the consideration of loan applications, and the supervision of farming operations of borrowers. The agents may be compensated for their services at rates the department in its discretion may fix;
(3) Initiate and carry on a continuing research and education program, utilizing and coordinating the services and facilities of other government agencies and private lenders to the maximum, to inform qualified farmers concerning procedures for obtaining loans and to inform private lenders concerning the advantages of making loans to qualified farmers;
(4) Cooperate with private and federal government farm loan sources to increase the amount of loan funds available to qualified farmers in the State;
(5) Assist individual qualified farmers in obtaining loans from other sources. Insofar as available funds and staff permit, counsel and assist individual farmers in establishing and maintaining proper records to prove their farming ability for loan purposes;
(6) Insure loans made to qualified farmers and food manufacturers by private lenders under section 155-5;
(7) Participate in loans made to qualified farmers and food manufacturers by private lenders under section 155-6;
(8) Make direct loans to qualified farmers and food manufacturers under section 155-8;
(9) Borrow money for loan purposes;
(10) Assign and sell mortgages;
(11) Hold title to, maintain, use, manage, operate, sell, lease, or otherwise dispose of personal and real property acquired by way of foreclosure, voluntary surrender, or otherwise, to recover moneys loaned;
(12) Sue and be sued in the name of the "State of Hawaii";
(13) Exercise incidental powers as are deemed necessary or requisite to fulfill its duty in carrying out the purposes of this chapter;
(14) Delegate authority
to its chairperson to approve loans, where the requested amount plus any
principal balance on existing loans to the applicant, does not exceed $50,000
of state funds; [and]
(15) Package and sell a portion of the loans issued pursuant to this chapter to permitted third parties; provided that all proceeds from any sale shall be deposited into the agricultural loan revolving fund to be made available for additional agricultural loan funding; provided further that the appraised value of the loans to be sold shall not exceed $10,000,000; and
[(15)] (16) Adopt rules
pursuant to chapter 91 necessary for the purpose of this chapter."
SECTION 3. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) All payments received on account of principal or for the sale of loans pursuant to section 155-4 shall be credited to the agricultural loan revolving fund."
SECTION 4. There is appropriated out of the agricultural loan revolving fund the sum of $10,000,000 or so much thereof as may be necessary for fiscal year 2026-2027 to increase the expenditure ceiling of the agricultural loan revolving fund.
The sum appropriated shall be expended by the department of agriculture and biosecurity for the purposes of this Act.
SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 6. This Act shall take effect on July 1, 2026.
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INTRODUCED BY: |
_____________________________ |
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Report Title:
DOAB; Agricultural Loans; Sale; Agricultural Loan Revolving Fund Expenditure Ceiling; Appropriation
Description:
Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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Date
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Status
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| Apr 8, 2026 | The committee on WAM has deleted the measure from decision making scheduled on 04-09-26 10:55AM; CR 211 & Videoconference. |
| Apr 7, 2026 | The committee(s) on WAM will hold a public decision making on 04-09-26 10:55AM; Conference Room 211 & Videoconference. |
| Mar 30, 2026 | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| Mar 30, 2026 | Reported from AEN (Stand. Com. Rep. No. 3223) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| Mar 23, 2026 | The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in AEN were as follows: 4 Aye(s): Senator(s) Gabbard, Richards, Rhoads, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite. |
| Mar 20, 2026 | The committee(s) on AEN has scheduled a public hearing on 03-23-26 3:00PM; Conference Room 224 & Videoconference. |
| Mar 12, 2026 | Referred to AEN, WAM. |
| Mar 12, 2026 | Passed First Reading. |
| Mar 12, 2026 | Received from House (Hse. Com. No. 380). |
| Mar 10, 2026 | Passed Third Reading as amended in HD 2 with Representative(s) Iwamoto voting aye with reservations; Representative(s) Cochran voting no (1) and none excused (0). Transmitted to Senate. |
| Mar 6, 2026 | Forty-eight (48) hours notice Tuesday, 03-10-26. |
| Mar 6, 2026 | Reported from FIN (Stand. Com. Rep. No. 1029-26) as amended in HD 2, recommending passage on Third Reading. |
| Mar 3, 2026 | The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none. |
| Feb 27, 2026 | Bill scheduled to be heard by FIN on Tuesday, 03-03-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE. |
| Feb 17, 2026 | Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Lee, M., Poepoe excused (3). |
| Feb 17, 2026 | Reported from AGR (Stand. Com. Rep. No. 325-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN. |
| Feb 11, 2026 | The committee on AGR recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Chun, Kusch, Kahaloa, Perruso, Matsumoto; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Lowen, Quinlan. |
| Feb 6, 2026 | Bill scheduled to be heard by AGR on Wednesday, 02-11-26 9:30AM in House conference room 325 VIA VIDEOCONFERENCE. |
| Jan 30, 2026 | Referred to AGR, FIN, referral sheet 5 |
| Jan 28, 2026 | Introduced and Pass First Reading. |
| Jan 26, 2026 | Pending introduction. |
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Date
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Description
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Location
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Votes
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| Mar 23, 2026 | The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS | Senate Standing Committee on Agriculture and Environment |
Passed |
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| Mar 10, 2026 | Third Reading | House Floor |
Passed |
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| Mar 3, 2026 | The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS | House Standing Committee on Finance |
Passed |
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| Feb 11, 2026 | The committee on AGR recommend that the measure be PASSED, WITH AMENDMENTS | House Standing Committee on Agriculture & Food Systems |
Passed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
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Organization
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Position
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Date
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| Agriculture Stewardship Hawaiʻi | ** Support | |
| Board of Agriculture and Biosecurity | *** Support | Apr 8, 2026 |
| County of Hawaiʻi | *** Support | Apr 8, 2026 |
| County of Hawaiʻi Department of Research and Development | *** Support | Apr 8, 2026 |
| Department of Agriculture & Biosecurity | *** Support | Apr 8, 2026 |
| Hawaiʻi Farm Bureau | ** Support | |
| Hawai‘i Farm Bureau | *** Support | Apr 8, 2026 |
| Ulupono Initiative | *** Support | Mar 23, 2026 |
STAND. COM. REP. NO. 1029-26
Honolulu, Hawaii
, 2026
RE: H.B. No. 2216
H.D. 2
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2026
State of Hawaii
Madame:
Your Committee on Finance, to which was referred H.B. No. 2216, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Authorize the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties; and
(2) Appropriate funds out of the Agricultural Loan Revolving Fund to increase its expenditure ceiling.
Your Committee received testimony in support of this measure from the Department of Agriculture and Biosecurity; Department of Research and Development for the County of Hawaiʻi; Ulupono Initiative; Hawaiʻi Farm Bureau; Agriculture Stewardship Hawaiʻi; and three individuals.
Your Committee has amended this measure by changing the appropriation to an unspecified amount.
Your Committee further encourages the Department of Agriculture and Biosecurity to work out the financial details regarding the State's Agricultural Loan Program and agricultural loan portfolio before any subsequent hearing to continue to support the State's agricultural producers and maximize the impact of this measure.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2216, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2216, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ CHRIS TODD, Chair |
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STAND. COM. REP. NO. 325-26
Honolulu, Hawaii
, 2026
RE: H.B. No. 2216
H.D. 1
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2026
State of Hawaii
Madame:
Your Committee on Agriculture & Food Systems, to which was referred H.B. No. 2216 entitled:
"A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Authorize the Department of Agriculture and Biosecurity to package and sell a portion of its loan portfolio to permitted third parties; and
(2) Increase the expenditure ceiling for the Agricultural Loan Revolving Fund by appropriating funds of the Revolving Fund.
Your Committee received testimony in support of this measure from the Department of Agriculture and Biosecurity; Ulupono Initiative; Hawaiʻi Farm Bureau; and three individuals.
Your Committee finds that the amendments to the State's agricultural loan program made by Act 69, Session Laws of Hawaii 2025 (Act 69) were well received by Hawaii's agricultural community and created a strong demand for agricultural loans. Your Committee recognizes that the current expenditure ceiling for the Agricultural Loan Program is insufficient to meet the existing loan demands, which hinders farmers' ability to start, expand, or improve their agricultural operations. Your Committee finds it necessary to increase the expenditure ceiling of the Agricultural Loan Revolving Fund to accommodate additional loans for qualifying farmers. Your Committee further finds that the option of selling a portion of the agricultural loan portfolio will bring in new capital for the Agricultural Loan Revolving Fund without the need for additional general funds.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 3000, to encourage further discussion; and
(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Agriculture & Food Systems that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2216, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2216, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Agriculture & Food Systems,
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____________________________ CORY CHUN, Chair |
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Date
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Testimony PDF
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| Apr 8, 2026 | HB2216_SD1_TESTIMONY_WAM_04-09-26_.PDF |
| Mar 23, 2026 | HB2216_HD2_TESTIMONY_AEN_03-23-26_.PDF |
| Mar 3, 2026 | HB2216_HD1_TESTIMONY_FIN_03-03-26_.PDF |
| Feb 11, 2026 | HB2216_TESTIMONY_AGR_02-11-26_.PDF |
Discussed in Hearing
29SEC
Senate Standing Committee on Agriculture and Environment
1MIN
House Floor
51SEC
House Floor
2MIN
House Standing Committee on Finance
1MIN
House Standing Committee on Agriculture & Food Systems
32SEC
House Standing Committee on Agriculture & Food Systems
Bill Author
