HI SB2832

Changes the High Technology Development Corporation's grant eligibility criterion from "Phase I" small business innovation research awards to any "program" award or contract from participating federal agencies.

Adds eligibility for businesses applying for small business innovation research or small business technology transfer program federal grants in amounts not exceeding $3,000, subject to fund availability.

Removes the $100,000 ceiling on single transfers from the Hawaii Capital Loan Revolving Fund to the development corporation for making grants under this section.

Requires the development corporation to repay any transferred funds to the Hawaii Capital Loan Revolving Fund within twelve months and limits outstanding transfers to one at a time.

Appropriates unspecified general revenue funds for fiscal year 2014-2015 to the high technology development corporation for purposes of this Act, effective July 1, 2050.