Hawaii State Legislature
2003 Legislative Session


Generated on 8/21/2003 10:37:10 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, 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.
8/21/2003DCarried over to 2004 Regular Session.

$ = Appropriation measure
ConAm = Constitutional Amendment