Bill Text: HI HB549 | 2010 | Regular Session | Amended
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
Report Title:
Small Business Innovation
Description:
Clarifies the operation of the high technology research and development loan and grant program to allow the State to catch up to increased federal award amounts since 1989. (HB549 HD1)
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
549 |
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TWENTY-FIFTH LEGISLATURE, 2009 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO HIGH TECHNOLOGY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 206M-15, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) The development corporation [may]
shall provide grants [as follows:
(1) Up to the lesser of:
(A) Fifty per cent of the federal
small business innovation research phase I award or contract;
(B) $25,000 to each business in Hawaii that receives a federal small business innovation research phase I award or contract
from any participating federal agency;
(2) Up to $25,000 to each business in
Hawaii that receives a federal small business technology transfer program award
or contract from any participating federal agency; or
(3) Up to $3,000 to each business in Hawaii
that applies for a small business innovation research federal grant or small
business technology transfer program federal grant,] to any business in
Hawaii that:
(1) Receives a federal small business innovation research phase I 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) 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 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
