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HI HB397
Bill
Status
Introduced
1/23/2023
Primary Sponsor
Daniel Holt
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AI Summary
- Appropriates $1,500,000 from general revenues for fiscal year 2023-2024 and $500,000 for fiscal year 2024-2025 to the Hawaii Technology Development Corporation for the Hawaii Small Business Capital Program
- Authorizes funds to support the state small business credit initiative program, which received up to $62,000,000 in federal funding to provide capital assistance to small businesses in Hawaii
- Establishes that private capital matching requirements are expected to generate over $600,000,000 in total capital and matching private investments into Hawaii's economy
- Directs the Hawaii Technology Development Corporation to expend appropriated funds for purposes of providing financial support to Hawaii's small businesses
- Takes effect on July 1, 3000
Legislative Description
Relating To The Hawaii Technology Development Corporation.
Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2/8/2023
Committee Referrals
Finance2/8/2023
Economic Development1/25/2023
Full Bill Text
No bill text available