REPORT TITLE:
Business loan guarantees

DESCRIPTION:
Extends the business loan guarantee program and the neighbor
island preferential business loan interest rate.

 
a                                                     BED-11(99)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1072
THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
________________________________________________________________
________________________________________________________________


                   A  BILL  FOR  AN  ACT

RELATING TO THE HAWAII CAPITAL LOAN PROGRAM.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The legislature finds it necessary to amend
 
 2  Act 311, Session Laws of Hawaii 1996, and Act 104, Session Laws
 
 3 of Hawaii 1998, in order to provide appropriate effective dates
 
 4 for the implementation of the business loan guarantee program and
 
 5 an extension of the effective date for the neighbor island
 
 6 preferential business loan interest rate.
 
 7      SECTION 2.  Act 311, Session Laws of Hawaii 1996, is amended
 
 8 to read as follows:
 
 9      "SECTION 4.  This Act shall take effect on July 1, 1996[,
 
10 and shall be repealed on June 30, 1999; provided that section
 
11 210-6, Hawaii Revised Statutes, is reenacted in the form in which
 
12 it reads on the day before the approval of this Act]."
 
13      SECTION 3.  Act 104, Session Laws of Hawaii 1998, is amended
 
14 to read as follows:
 
15      "SECTION 6.  This Act shall take effect on July 1, 1998[;
 
16 provided that section 4 of this Act shall be repealed on June 30,
 
17 2000, and section 210-6(c), Hawaii Revised Statutes, is reenacted
 
18 as it appeared on July 2, 1996]."
 
19      SECTION 4.  Statutory material to be repealed is bracketed.
 

 
a                                                     BED-11(99)
Page 2                                                     1072
                                     S.B. NO.           
                                                        
                                                        

 
 1 New statutory material is underscored.
 
 2      SECTION 5.  This Act shall take effect on June 29, 1999.
 
 3 
 
 4                           INTRODUCED BY: ________________________
 
 5 
 

 
a                                                     BED-11(99)