HOUSE OF REPRESENTATIVES

H.B. NO.

2139

THIRTIETH LEGISLATURE, 2020

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to hawaii technology development corporation.

 

 

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

 


     SECTION 1.  The legislature finds that the Hawaii technology development corporation is a key state agency in the development and support of the State's manufacturing industry.  The corporation's small business innovation research, manufacturing assistance, and excelerator programs all help to support and sustain local manufacturers.  The legislature recognizes that manufacturing is critical to the State's economy.

     Accordingly, the purpose of this Act is to appropriate funds to support the programs of the Hawaii technology development corporation.

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $15,000,000 or so much thereof as may be necessary for fiscal year 2020-2021 for the small business innovation research program.

     The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.

     SECTION 3.  There is appropriated out of the general revenues of the State of Hawaii the sum of $10,000,000 or so much thereof as may be necessary for fiscal year 2020-2021 to continue the operation, administration, and provision of grants by the manufacturing assistance program.

     The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.

     SECTION 4.  There is appropriated out of the general revenues of the State of Hawaii the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2020-2021 for the excelerator program.

     The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.

     SECTION 5.  This Act shall take effect on July 1, 2020.

    

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

HTDC; Manufacturing; Appropriation

 

Description:

Appropriates funds to support the programs of the Hawaii Technology Development Corporation.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.