Bill Text: HI HB2333 | 2018 | Regular Session | Amended
Bill Title: Relating To The Hawaii Community-based Economic Development Technical And Financial Assistance Program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2018-06-13 - Act 028, 06/07/2018 (Gov. Msg. No. 1128). [HB2333 Detail]
Download: Hawaii-2018-HB2333-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2333 |
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TWENTY-NINTH LEGISLATURE, 2018 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE HAWAII COMMUNITY-BASED ECONOMIC DEVELOPMENT TECHNICAL AND FINANCIAL ASSISTANCE PROGRAM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 210D-4, Hawaii Revised Statutes, is amended to read as follows:
"§210D-4
Hawaii community-based economic
development revolving fund; established. There is established a revolving fund to be
known as the Hawaii community-based economic development revolving fund from
which moneys shall be loaned or granted by the department under this chapter. All moneys appropriated to the fund by the
legislature, received as repayments of loans, payments of interest or fees, and
all other moneys received by the fund from any other source shall be deposited
into the revolving fund and used for the purposes of this chapter. The department may deposit moneys it
receives from the repayments of loans and payments of interest or fees from the
Hawaii capital loan program established by chapter 210, the Hawaii large
fishing vessel purchase, construction, renovation, maintenance, and repair loan
program established by part II of chapter 189, and the Hawaii small fishing vessel
loan program established by part IV of chapter 189, into the Hawaii
community-based economic development revolving fund to
be used for the purposes of this chapter.
The department may
use all appropriations and other moneys in the revolving fund not appropriated
for a designated purpose to make grants or loans."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2112.
Report Title:
Hawaii Community-Based Economic Development Technical and Financial Assistance Program
Description:
Authorizes the Department of Business, Economic Development, and Tourism to deposit moneys it receives from the repayments of loans and payments of interest or fees from the Hawaii capital loan program in chapter 210, the Hawaii large fishing vessel purchase, construction, renovation, maintenance, and repair loan program in chapter 189, and the Hawaii small fishing vessel loan program in chapter 189, into the Hawaii community-based economic development (CBED) revolving fund. Moneys from the CBED revolving fund will be used to make loans and grants to small businesses. (HB2333 HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
