HI SB761

Appropriates $1,000,000 from general revenues to the Hawaii strategic development corporation revolving fund for fiscal year 2017-2018.

Appropriates $1,000,000 from the Hawaii strategic development corporation revolving fund for the HI growth initiative during fiscal year 2017-2018.

Forces a $1,000,000 lapse of fiscal year 2016-2017 appropriation for the HI growth initiative that was not expected to be expended, to be re-appropriated under this Act.

Appropriations in Sections 3 and 4 take effect only if the required $1,000,000 general fund appropriation lapses as specified in Section 2.

Base budget for the Hawaii strategic development corporation shall not be reduced by the amounts lapsed under this Act.