Bill Text: HI HB583 | 2018 | Regular Session | Amended
Bill Title: Relating To Technology.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2018-04-20 - Received notice of Senate conferees (Sen. Com. No. 804). [HB583 Detail]
Download: Hawaii-2018-HB583-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
583 |
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TWENTY-NINTH LEGISLATURE, 2017 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO TECHNOLOGY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
Section 1. The Hawaii technology development corporation currently holds a lease agreement with the University of Hawaii for a building used by the corporation that is known as the Manoa innovation center. While the Hawaii technology development corporation uses the building for the administration and operations of the corporation and programs under their jurisdiction, the corporation also subleases space in the building to tenants participating in various programs operated by the corporation. In turn, the Hawaii technology development corporation receives a portion of the revenues received from the subleasing of space in the building which can be used by the corporation for other purposes, including administrative and operational costs. According to the Hawaii technology development corporation, revenues received from subleasing space currently offsets operational costs that support fifty per cent of staff salaries and other operating expenses.
The legislature has been made aware that the lease agreement between the Hawaii technology development corporation and the University of Hawaii will expire on July 1, 2018. The termination of this lease agreement will result in loss of revenue for the Hawaii technology development corporation for operational and administrative costs, resulting in staff reductions and a reduction in programs administered and operated by the corporation which would have a detrimental impact on diversifying Hawaii's economy through technology development.
The purpose of this Act is to appropriate funds to the Hawaii technology development corporation for the continued operations and administration of the corporation and their programs and provide additional time for the corporation to develop public-private partnerships for a new incubator facility to be established where small business startups can lease space that will help fund operating and administrative costs of the corporation similar to what occurred at the Manoa innovation center.
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 2018-2019 for the operations and administration of the Hawaii technology development corporation and the various programs operated and administered by the Hawaii technology development corporation.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
SECTION 3. This Act shall take effect on July 1, 2018.
Report Title:
Technology; Hawaii Technology Development Corporation; Operational Costs; Administrative Costs; Appropriation
Description:
Appropriates funds to the Hawaii Technology Development Corporation for administrative and operational costs. (HB583 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
