HI HB367

Establishes the Hawaii capital loan revolving fund in the state treasury to receive loan repayments, interest payments, legislative appropriations, and other available funds for the capital loan program under chapter 210, Hawaii Revised Statutes.

Allows funds in the revolving fund to be used for making loans and for administering the program, with a portion available for administrative costs.

Appropriates $100,000 for fiscal year 2011-2012 and $100,000 for fiscal year 2012-2013 to the department of business, economic development and tourism for the capital loan program.

Addresses the shortage of capital available to small businesses by providing a sustainable funding mechanism through loan repayments and interest collections.