Bill Text: HI SB2832 | 2014 | Regular Session | Amended
Bill Title: High Technology Development Corporation; Small Business Innovation Research Grants; Hawaii Capital Loan Revolving Fund; Appropriation
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2014-04-17 - Conference Committee Meeting will reconvene on Tuesday 04-22-14 2:00PM in conference room 423. [SB2832 Detail]
Download: Hawaii-2014-SB2832-Amended.html
|
THE SENATE |
S.B. NO. |
2832 |
|
TWENTY-SEVENTH LEGISLATURE, 2014 |
S.D. 2 |
|
|
STATE OF HAWAII |
H.D. 1 |
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO HIGH TECHNOLOGY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 206M-15, Hawaii Revised Statutes, is amended as follows:
1. By amending subsection (b) to read:
"(b) The development corporation may provide grants to any business in Hawaii that:
(1) Receives a federal small business innovation
research [phase I] program award or contract from any
participating federal agency, up to fifty per cent of the amount of the federal
award or contract;
(2) Receives a federal small business technology transfer program award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract; or
(3) Applies for a small business innovation research federal grant or a small business technology transfer program federal grant, in an amount not to exceed $3,000,
subject to the availability of funds."
2. By amending subsection (d) to read:
"(d) If funds appropriated for the
purpose of making grants under this section are
inadequate to satisfy all qualified requests, the development corporation shall
apply for funds to be transferred from the Hawaii capital loan revolving fund
to provide the grants in accordance with subsection (b). The amount of any
single transfer of funds shall not exceed [$100,000,] $ ,
and the development corporation shall transfer the entire amount back to the
Hawaii capital loan revolving fund within twelve months of receiving the
funds. No more than one fund transfer shall be outstanding at any one time.
The director of business, economic development, and tourism may transfer funds
from the Hawaii capital loan revolving fund to the development corporation upon
request to carry out the purposes of this section. Transfers of funds shall be
made without any charges or fees."
SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2014-2015 for the purposes of this Act.
The sum appropriated shall be expended by the high technology development corporation for the purposes of this Act.
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2050.
Report Title:
High Technology Development Corporation; Small Business Innovation Research Grants; Hawaii Capital Loan Revolving Fund; Appropriation
Description:
Adds a Small Business Innovation Research program award or contract as a qualifying criterion for grants from the High Technology Development Corporation. Amends the ceiling on any single transfer from the Hawaii Capital Loan Revolving Fund for grants from $100,000 to an unspecified amount. Appropriates funds. (SB2832 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
