Bill Text: HI HB549 | 2010 | Regular Session | Amended

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Bill Title: Small Business Innovation

Spectrum: Moderate Partisan Bill (Democrat 6-1)

Status: (Introduced - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [HB549 Detail]

Download: Hawaii-2010-HB549-Amended.html

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STAND. COM. REP. NO.  416

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 549

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Economic Revitalization, Business, & Military Affairs, to which was referred H.B. No. 549 entitled:

 

"A BILL FOR AN ACT RELATING TO HIGH TECHNOLOGY,"

 

begs leave to report as follows:

 

     The purpose of this bill is to update and improve provisions of the High Technology Development Corporation (HTDC) law that control how HTDC grants matching funds to Hawaii companies that are awarded federal, phase I Small Business Innovation Research and Small Business Technology Transfer awards.  The amendments:

 

(1)  Increase the cap on matching grants from $25,000 to $50,000 because federal award maximums have increased from $50,000, to $100,000; and

 

(2)  Provide that HTDC has the discretion rather than the duty to request a loan from the Hawaii Capital Loan Revolving Fund if the budget is inadequate to satisfy all qualified grant requests.

 

     The Department of Business, Economic Development, and Tourism and HTDC supported this bill.

 

     Your Committee has amended this bill by removing provisions referencing the Hawaii Capitol Loan Revolving Fund, which was repealed when Act 178, Session Laws of Hawaii 2003, repealed section 210-3, Hawaii Revised Statutes.

 

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization, Business, & Military Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 549, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 549, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization, Business, & Military Affairs,

 

 

		____________________________ ANGUS L.K. MCKELVEY, Chair