Bill Text: HI SB1444 | 2020 | Regular Session | Introduced
Bill Title: Relating To The Hawaii Technology Development Corporation.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced - Dead) 2019-12-01 - Carried over to 2020 Regular Session. [SB1444 Detail]
Download: Hawaii-2020-SB1444-Introduced.html
|
THE SENATE |
S.B. NO. |
1444 |
|
THIRTIETH LEGISLATURE, 2019 |
|
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
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 technology development corporation is a key state agency in developing and supporting initiatives aimed at promoting technology and innovation jobs in the State. In 2018, the legislature provided funding for and made changes to the small business innovation research program. The legislature supports continuation of the small business innovation research program as an important initiative of the State to assist Hawaii small businesses in advancing technology and developing new products.
The purpose of this Act is to support and sustain the small business innovation research program operated by the Hawaii technology development corporation.
SECTION 2. Section 206M-15, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) The development corporation shall adopt rules
pursuant to chapter 91 that:
(1) Specify the qualifications for eligibility of grant applicants;
(2) Establish
priorities in determining eligibility in the event that insufficient funds are available
to fund otherwise qualified applicants; [and]
(3) Give preference to
all qualified businesses receiving their first award in one fiscal year over
multiple award grantees[.]; and
(4) Requires
businesses receiving an award to reimburse the State all moneys awarded in the
event that the company relocates its principal place of business out of Hawaii
within five years of receiving an award.
The development corporation may adopt any other rules pursuant to chapter 91 necessary for the purposes of this section."
SECTION 3. There is appropriated out of the general
revenues of the State of Hawaii the sum of $2,500,000 or so much thereof as may
be necessary for fiscal year 2019-2020 and the same sum or so much thereof as
may be necessary for fiscal year 2020-2021 for the
continuance of the small business innovation research program; provided that
the Hawaii technology development corporation shall plan to provide funds for
phase three grants where applicable.
The sums appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
SECTION 4. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.
SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 6. This Act shall take effect on July 1, 2019.
|
INTRODUCED BY: |
_____________________________ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Report Title:
Hawaii Technology Development Corporation; Small Business Innovation Research Program; Appropriation
Description:
Appropriates funds to the Hawaii technology development corporation to continue the small business innovation research program. Requires businesses that receive a technology research and development grant award to maintain their principal place of business in Hawaii for five years or, if they do not, to return the award.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
