§219-1 - Findings and purpose.

§219-1  Findings and purpose.  Thelegislature finds that:

(1)  Aquaculture is a potentially viable industry forthe State.

(2)  Conventional financial institutions traditionallydo not provide loans in the initiating stages for the establishment of newindustries.

(3)  No present state agency or program has theauthority to financially assist an enterprise engaged in aquaculture.

(4)  The State should initiate a loan program toassist aquaculture and the techniques of aquaculture as a new industry.

The purpose of this chapter is to establish aloan program to financially assist in the development of aquaculture in theState. [L 1971, c 181, pt of §1; ree L 1977, c 212, pt of §2]