Hawaii § 219-9 - Direct loans.
Full text of Hawaii Hawaii Revised Statutes § 219-9 — Direct loans., with citation guidance and answers to common questions.
§ 219-9. Direct loans.
(a) The department of agriculture and biosecurity may make loans directly to qualified aquaculturists who are unable to obtain sufficient funds at reasonable rates from private lenders either independently or under section 219-7 or 219-8. Loans made under this section shall be authorized only if loans cannot be obtained from the relevant farm credit lender and two other private lenders. (b) Loans made under this section shall be limited by section 219-6. (c) Loans made under this section shall bear simple interest on the unpaid principal balance, charged on the actual amount disbursed. The interest rate for class "A", class "B", class "C", and class "H" loans shall be set by rule, pursuant to chapter 91. (d) The department may contract with any financial institution for services including servicing or administering loans pursuant to this section. (e) For purposes of this section, "financial institution" means any organization authorized to do business under state or federal laws relating to financial institutions, including without limitation, banks, savings banks, savings and loan companies or associations, financial services loan companies, and credit unions. [L 1995, c 76, §1; am L 1998, c 118, §8; am L 2008, c 209, §6 ; am L 2025, c 236, §17] Previous Vol04_Ch0201-0257 Next
Frequently Asked Questions About Hawaii § 219-9
What does Hawaii Revised Statutes § 219-9 cover?
Section 219-9 ("Direct loans.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 219-9?
A common citation format is "Hawaii Revised Statutes § 219-9" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 219-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.