PART IV. 
HAWAII SMALL FISHING VESSEL LOAN PROGRAM



 



Note



 



  Part heading amended by L 1976, c 70, pt of §2.



 



§189-41  Findings and purpose.  The
purpose of this part is to insure the continued orderly development of Hawaii's
small commercial fishing vessel fleet by providing financial assistance for the
maintenance and repair of small commercial fishing vessels in order to increase
productivity in traditional state fishing grounds and to foster development of
new fishing grounds by Hawaii's small commercial fishing vessels.  The
legislature finds that:  (1) the several financial assistance programs
available to Hawaii's commercial marine licensees are primarily for new vessel
construction with national agency program emphasis on large fishing vessels;
(2) that the large majority of Hawaii's commercial fishing vessels are small
vessels (under 5 net tons, i.e., under 31 feet long) whose owners often do not
have the financial resources of the larger vessels; (3) there is no financial
program specializing in providing financial assistance for the maintenance and
repair of smaller commercial fishing vessels; (4) that the nature of commercial
fishing is noted for occasional poor years when reduced landings adversely
affect the economic resources of commercial marine licensees, especially those
with the smaller vessels; (5) that the recently released report "Hawaii
and the Sea - 1974" calls for further development of measures to
strengthen Hawaii's commercial fishing fleet, for example, by expanding the present
Hawaii Fisheries New Vessel Construction Loan Program (Act 193, Session Laws of
Hawaii 1965, as amended by Act 28, Session Laws of Hawaii 1968); (6) that the
Hawaii Fisheries New Vessel Construction Loan Program does not include
maintenance and repair of small commercial fishing vessels; (7) that the
creation of a maintenance and repair loan program would help fulfill the intent
of "Hawaii and the Sea -1974"; (8) that some usually efficient
commercial marine licensees, due to the above reasons, are unable to upgrade
their vessels in order to take advantage of new fishing gear and technology;
and (9) that the State of Hawaii should make every effort to strengthen its
small commercial fishing vessel fleet. [L 1975, c 167, §7; am L 1976, c 70, pt
of §2; gen ch 1993]