Hawaii State Legislature
2003 Legislative Session


Generated on 8/21/2003 10:37:06 AM

Report Title: Small Business Loans
Description: Authorizes the Department of Business, Economic Development, and Tourism (DBEDT) to make loans to small business with annual revenues less than $500,000 at a simple interest rate of three per cent below the prime rate or at a rate of five and one-half per cent a year, whichever is lower. Waives the requirement that an applicant be ineligible for any other financial assistance to qualify for a DBEDT loan if the proposed loan is a participation loan whereby the department's participation is not greater than eighty per cent of the loan amount.
Package: Small Business Caucus
Introducer(s): CHUN OAKLAND, IGE, Fukunaga, Sakamoto, Slom, Hemmings, Aduja
Current Referral:ECD, WAM

Date Status Text
1/21/2003SIntroduced and passed First Reading.
1/24/2003SReferred to ECD, WAM.
1/28/2003SSenator Aduja is added as a co-sponsor pursuant to Senate rule 45.
1/30/2003SBill scheduled to be heard by ECD on 02-06-03 at 4:00 pm in conference room 229.
2/6/2003SThe committee on ECD deferred the measure until 02-11-03 at 1:30 pm in conference room 229.
2/11/2003SThe committee(s) on ECD recommend(s) that the measure be HELD.
2/11/2003SThe votes in ECD were as follows: 6 Aye(s): Senator(s) Fukunaga, Aduja, Ige, Ihara, Kawamoto, Trimble; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Kanno.
8/21/2003DCarried over to 2004 Regular Session.

$ = Appropriation measure
ConAm = Constitutional Amendment