Bill Text: HI SB2760 | 2018 | Regular Session | Introduced
Bill Title: Relating To The Hawaii Community-based Economic Development Technical And Financial Assistance Program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-24 - Referred to ETT, WAM. [SB2760 Detail]
Download: Hawaii-2018-SB2760-Introduced.html
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THE SENATE |
S.B. NO. |
2760 |
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TWENTY-NINTH LEGISLATURE, 2018 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE HAWAII COMMUNITY-BASED ECONOMIC DEVELOPMENT TECHNICAL AND FINANCIAL ASSISTANCE PROGRAM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 210D-4, Hawaii Revised Statutes, is amended to read as follows:
"§210D-4
Hawaii community-based economic development revolving fund; established.
There is established a revolving fund to be known as the Hawaii community-based
economic development revolving fund from which moneys shall be loaned or
granted by the department under this chapter. All moneys appropriated to
the fund by the legislature, received as repayments of loans, payments of
interest or fees, and all other moneys received by the fund from any other
source shall be deposited into the revolving fund and used for the purposes of
this chapter. The department may deposit moneys it receives from the
repayments of loans and payments of interest or fees from the Hawaii capital
loan program established by chapter 210, the Hawaii large fishing vessel
purchase, construction, renovation, maintenance, and repair loan program
established by part II of chapter 189, and the Hawaii small fishing vessel loan
program established by part IV of chapter 189, into the Hawaii community-based
economic development revolving fund to be used for the purposes of
this chapter. The department may use all
appropriations and other moneys in the revolving fund not appropriated for a
designated purpose to make grants or loans."
SECTION 2. New material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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BY REQUEST |
Report Title:
Hawaii Community-Based Economic Development Technical and Financial Assistance Program
Description:
Authorizes the Department of Business, Economic Development, and Tourism to deposit moneys it receives from the repayments of loans and payments of interest or fees from the Hawaii capital loan program in chapter 210, the Hawaii large fishing vessel purchase, construction, renovation, maintenance, and repair loan program in chapter 189, and the Hawaii small fishing vessel loan program in chapter 189, into the Hawaii community-based economic development revolving fund.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
