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HI HB900
Bill
Status
1/27/2021
Primary Sponsor
Scott Saiki
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AI Summary
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Expands the Hawaii brownfields cleanup revolving loan fund to authorize use of funds for environmental site assessments in addition to cleanup activities and site monitoring.
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Allows the fund to provide grants to eligible public and nonprofit entities for brownfields assessments and cleanup, not just loans to borrowers.
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Permits administrative and legal costs of fund management to not exceed the lesser of 10% of the loan or sub-grant amount or a percentage set by departmental rules.
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Authorizes the Department of Business, Economic Development, and Tourism to award and disburse funds as grants to eligible entities for brownfields assessment and cleanup activities.
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Takes effect July 1, 2050.
Legislative Description
Relating To The Brownfields Cleanup Revolving Loan Fund.
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Har, Kong, Matayoshi excused (3).
2/19/2021