Bill Text: HI HB1958 | 2018 | Regular Session | Amended


Bill Title: Relating To The Hawaii Technology Development Corporation.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2018-07-05 - Act 068, 06/29/2018 (Gov. Msg. No. 1169). [HB1958 Detail]

Download: Hawaii-2018-HB1958-Amended.html

HOUSE OF REPRESENTATIVES

H.B. NO.

1958

TWENTY-NINTH LEGISLATURE, 2018

H.D. 1

STATE OF HAWAII

S.D. 1

 

C.D. 1

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.

 

 

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

 


SECTION 1.  The legislature finds that the Hawaii small business innovation research program is the longest-running federal small business innovation research matching grant program in the United States.  The Hawaii small business innovation research program of the Hawaii technology development corporation has increased the competitiveness of small businesses in Hawaii, attracted additional federal dollars into the State, and helped Hawaii businesses to transform their research into innovative commercial products and services.

The legislature further finds that in 2017, the Hawaii small business innovation research program awarded approximately $1,900,000 in matching grants to businesses that had received a federal small business innovation research phase II or III award or contract.  These matching grants helped to create an anticipated one hundred thirty-one new high-paying jobs in the State.

The legislature believes that continued funding for the Hawaii small business innovation research program will further help to develop Hawaii's technology sector.  Additionally, in light of the amendments made by Act 216, Session Laws of Hawaii 2015, that authorized the corporation to match phase II and III awards or contracts, the Hawaii technology development corporation should also be allowed to issue additional awards which will help to maximize the efficiency of the appropriated funds.

The purpose of this Act is to appropriate moneys to continue the small business innovation research program and to authorize the Hawaii technology development corporation to match federal small business innovation research phase III or small business technology transfer program phase III awards, including those funded by the private sector or government sources outside of the program.

     SECTION 2.  Section 206M-15, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

     "(b)  The development corporation may provide grants to any business in Hawaii that:

     (1)  Receives a federal small business innovation research phase [I, II, or III] I or II award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;

     (2)  Receives a federal small business technology transfer program award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract; [or]

     (3)  Receives a federal small business innovation research phase III or small business technology transfer program phase III award or contract, up to fifty percent of the amount of the award or contract funded by private sector or government sources outside of the program; or

    [(3)] (4)  Applies for a small business innovation research federal grant or a small business technology transfer program federal grant, in an amount not to exceed $3,000,

subject to the availability of funds."

     SECTION 3.  There is appropriated out of the general revenues of the State of Hawaii the sum of $1,500,000 or so much thereof as may be necessary for fiscal year 2018-2019 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 4.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 5.  This Act shall take effect on July 1, 2018.


 


 

Report Title:

HTDC; Small Business Research Grants; Appropriation

 

Description:

Authorizes the Hawaii Technology Development Corporation to issue grants to phase III federal grant awardees of up to 50 percent of the amount of the award or contract funded by the private sector or government sources outside of the Small Business Innovation Research Program.  Appropriates moneys.  (HB1958 CD1)

 

 

 

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

 

 

 

 

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