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HI SB1003
Bill
AI Summary
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Expands the Hawaii small business innovation research program to include Phase II and Phase III federal small business innovation research awards, in addition to the existing Phase I awards.
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Authorizes the high technology development corporation to provide matching grants up to 50 percent of the amount of Phase II or Phase III federal awards or contracts received by Hawaii businesses.
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Maintains existing grant provisions for small business technology transfer program awards and pre-award application grants not to exceed $3,000.
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Repeals the provision allowing the development corporation to transfer funds from the Hawaii capital loan revolving fund when appropriations are insufficient.
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Takes effect July 1, 2050.
Legislative Description
Hawaii Small Business Innovation Research Program; Small Business
Last Action
The committee(s) on EDB recommend(s) that the measure be deferred.
3/24/2015