HRS §219-1
Why the state is creating an aquaculture loan program
This section explains why the state is setting up a loan program for aquaculture. It says fish farming could be a good business for Hawaii, but banks usually won't lend money to start new industries. No state agency currently helps, so the state will create a loan program to support this new industry.
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The statute, as written — Findings and purpose
The legislature finds that: (1) Aquaculture is a potentially viable industry for the State. (2) Conventional financial institutions traditionally do not provide loans in the initiating stages for the establishment of new industries. (3) No present state agency or program has the authority to financially assist an enterprise engaged in aquaculture. (4) The State should initiate a loan program to assist aquaculture and the techniques of aquaculture as a new industry. The purpose of this chapter is to establish a loan program to financially assist in the development of aquaculture in the State.
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