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HI HB1175
Bill
Status
1/27/2021
Primary Sponsor
Sean Quinlan
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AI Summary
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Establishes the micro enterprise assistance program on Hawaiian home lands revolving fund in the state treasury to provide grants and loans to eligible recipients.
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Revolving fund receives deposits from legislative appropriations, federal grants and subsidies, private investments, and voluntary contributions.
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Provides grants and loans to qualified native Hawaiians as defined by the Hawaiian Homes Commission Act of 1920, native Hawaiian-controlled homestead associations, and homestead associations' designated tax-exempt community development corporations.
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Appropriates unspecified amounts from general revenues for fiscal years 2021-2022 and 2022-2023 to establish the fund and for loans or grants through the program.
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Department of Business, Economic Development, and Tourism administers the funds and takes effect on July 1, 2021.
Legislative Description
Relating To The Community-based Economic Development Program.
Appropriation ($)
Last Action
The committee(s) on ECD recommend(s) that the measure be deferred.
2/5/2021