Bill Text: HI HB1402 | 2020 | Regular Session | Amended
Bill Title: Relating To The Community-based Economic Development Program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2020-03-16 - The hearing on this measure has been cancelled until further notice. [HB1402 Detail]
Download: Hawaii-2020-HB1402-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1402 |
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THIRTIETH LEGISLATURE, 2019 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO THE COMMUNITY-BASED ECONOMIC DEVELOPMENT PROGRAM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 210D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§210D- Micro
enterprise assistance program on Hawaiian home lands revolving fund;
established. (a) There is established in the state treasury
the micro enterprise assistance program on Hawaiian home lands revolving fund,
into which shall be deposited:
(1) Appropriations
from the legislature;
(2) Federal grants
and subsidies to the State;
(3) Private
investments; and
(4) Voluntary
contributions.
(b) Moneys in the micro enterprise assistance
program on Hawaiian home lands revolving fund shall be used to provide grants
and loans to the following recipients through the implementation of the micro
enterprise assistance program:
(1) Qualified
native Hawaiians as defined by the Hawaiian Homes Commission Act of 1920 and
pursuant to title XII of the state constitution;
(2) Native
Hawaiian-controlled homestead associations with members who are qualified
native Hawaiians as defined by the Hawaiian Homes Commission Act of 1920 and
pursuant to title XII of the state constitution; and
(3) Hawaiian homestead associations' designated tax exempt community development corporations."
SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2019-2020 and the same sum or so much thereof as may be necessary for fiscal year 2020-2021 for deposit into the micro enterprise assistance program on Hawaiian home lands revolving fund.
SECTION 3. There is appropriated out of the micro
enterprise assistance program on Hawaiian home lands revolving fund of the sum of
$ or so much
thereof as may be necessary for fiscal year 2019-2020 and the same sum
or so much thereof as may be necessary for fiscal year 2020-2021 for loans or grants issued pursuant
to section 210D‑ , Hawaii Revised Statutes, established by
section 1 of this Act.
The sums appropriated shall be expended by
the department of business, economic development, and tourism for the purposes
of this Act.
SECTION 4. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 2050.
Report Title:
DBEDT; Micro Enterprise Assistance Program on Hawaiian Home Lands; Revolving Fund; Appropriation
Description:
Establishes the micro enterprise assistance program on Hawaiian home lands revolving fund to provide grants and loans through the implementation of the micro enterprise assistance program to qualified native Hawaiians, native Hawaiian-controlled homestead associations, and homestead association community development corporations. Appropriates funds. Takes effect on 7/1/2050. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
