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HI SB752
Bill
AI Summary
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Expands the Hawaii Community-based Economic Development (CBED) Revolving Fund to include State Enterprise Zone funding for program operations, personnel costs, advisory council costs, and grants and loans.
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Exempts grants provided under the CBED program from the Hawaii Public Procurement Code requirements.
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Clarifies that the Hydrogen Investment Capital Special Fund shall be expended by the Hawaii Strategic Development Corporation.
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Establishes a four-year temporary Department of Business, Economic Development, and Tourism (DBEDT) Operation Special Fund supported by a $20 surcharge on fees charged by DCCA, Public Utilities Commission, DLIR, and Department of Taxation.
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Requires all interest earned and remaining funds in the DBEDT Operation Special Fund to be deposited into the General Fund by June 30, 2015.
Legislative Description
Community-Based Economic Development; Enterprise Zone Program; Department of Business, Economic Development, and Tourism Operation Special Fund; Temporary Surcharge
Last Action
(H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747).
4/13/2012