§155-10  General eligibility requirements
for loans.  To be eligible for loans under this chapter, an applicant shall
be:



(1)  A qualified farmer, a person under the new farmer
program, or a part-time farmer;



(2)  A citizen of the United States who has resided in
the State for at least three years, or any permanent resident alien who has
resided in the State for at least three years; provided that this requirement
shall not apply to applicants for class "D" loans who otherwise
qualify;



(3)  A sound credit risk with the ability to repay the
money borrowed; and



(4)  Willing to carry out recommended farm management
practices. [L 1959, c 278, pt of §1; am L 1961, c 104, §1(1); Supp, §102-10;
HRS §155-10; am L 1974, c 231, §2(2); am L 1990, c 259, §3; am L 2000, c 51,
§11; am L 2001, c 141, §2]