HI HB366 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2011 - 25% progression, died in chamber
Action: 2011-12-01 - Carried over to 2012 Regular Session.
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2011 - 25% progression, died in chamber
Action: 2011-12-01 - Carried over to 2012 Regular Session.
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the state private investment fund program to establish a managing fund board. Authorizes insurance tax credits to be used as a fund guarantee. Establishes investment limits. Requires investments in successful venture capital firms with experienced managers and an ability to mentor entrepreneurs. Sets a target of 30% of investments in Hawaii-based businesses. Directs that returns exceeding fund expenses, debts, and investor equity interests be deposited into the general fund. Effective upon approval.
Title
State Private Investment Fund; Venture Capital; High Technology
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-12-01 | Carried over to 2012 Regular Session. | |
| 2011-01-24 | (H) Referred to ERB, FIN, referral sheet 1 | |
| 2011-01-24 | (H) Introduced and Pass First Reading. | |
| 2011-01-21 | (H) Pending introduction. |
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=366 |
| Text | http://www.capitol.hawaii.gov/session2012/Bills/HB366_.HTM |
