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HI HB771
Bill
Status
1/28/2015
Primary Sponsor
Derek Kawakami
Click for details
AI Summary
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Establishes the Hawaii Capital Loan Revolving Fund within Chapter 210, Hawaii Revised Statutes to receive repayment of loans and interest payments.
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Authorizes the Department of Business, Economic Development, and Tourism to use a portion of fund moneys for program administration and to transfer funds from the state disaster revolving loan fund for disbursement.
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Requires the department to report any fund transfers to the legislature within ten days.
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Appropriates unspecified amounts from general revenues for fiscal years 2015-2016 and 2016-2017 for the revolving fund and one full-time permanent program manager position.
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Takes effect July 1, 2015.
Legislative Description
Hawaii Capital Loan Revolving Fund; Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Ward voting aye with reservations; none voting no (0) and Representative(s) Har, Matsumoto excused (2).
2/9/2015