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HI SB1189
Bill
Status
1/28/2015
Primary Sponsor
Glenn Wakai
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AI Summary
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Repeals three dormant or unnecessary special and revolving funds administered by the Department of Business, Economic Development, and Tourism: the State Disaster Revolving Loan Fund, Hawaii Community-Based Economic Development Revolving Fund, and Fee Simple Residential Revolving Fund.
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Transfers all unencumbered balances from the three repealed funds into the High Technology Special Fund as of June 30, 2015.
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Amends Section 210D-8 to remove the department's duty to administer the Hawaii Community-Based Economic Development Revolving Fund by deleting that specific power.
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Amends Section 516-45 to remove language requiring principal and interest on general obligation bonds to be reimbursed from the Fee Simple Residential Revolving Fund.
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Amends Section 516-5 to strike reference to the Fee Simple Residential Revolving Fund regarding deposit of fines collected under Chapter 516.
Legislative Description
Special Funds; Revolving Funds; Department of Business, Economic Development, and Tourism; High Technology Special Fund
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/20/2015