HB 991 Summary

• Changes the Hawaii Technology Development Corporation Board of Directors to include the Chairperson of the Board of Regents of the University of Hawaii as an ex officio voting member, with authority for the Chairperson to designate another regent to serve with Board of Regents approval.

• Modifies the cap for Small Business Innovation Research and Small Business Technology Transfer Grant Program awards to an unspecified amount (previously $3,000).

• Adds purchasing of renewable energy systems, including photovoltaic systems, as an eligible expense for the Manufacturing Development Grant Program to reduce manufacturing energy costs.

• Clarifies that employee training on both new and existing manufacturing equipment qualifies as an eligible expense for the Manufacturing Development Grant Program.

• Effective date: June 30, 3000.