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HI HB397
Bill
Status
Introduced
1/23/2023
Primary Sponsor
Daniel Holt
Click for details
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.
- Funds support the state small business credit initiative program, which provides capital assistance to small businesses in Hawaii using $62,000,000 in federal funds received by the State.
- The Hawaii technology development corporation and Hawaii green infrastructure authority jointly administer the program, which is expected to leverage private matching investments to inject over $600,000,000 in total capital into Hawaii's economy.
- Appropriated funds shall be expended by the Hawaii technology development corporation for purposes of providing financial support to Hawaii's small businesses.
- Effective date is July 1, 3000.
Legislative Description
Relating To The Hawaii Technology Development Corporation.
Appropriation ($)
Last Action
Carried over to 2024 Regular Session.
12/11/2023
Committee Referrals
Finance2/8/2023
Economic Development1/25/2023
Full Bill Text
No bill text available