Bill Text: HI SB2500 | 2020 | Regular Session | Amended
Bill Title: Relating To Hawaii Technology Development Corporation.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Engrossed - Dead) 2020-06-25 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cabanilla Arakawa, Matayoshi excused (2). [SB2500 Detail]
Download: Hawaii-2020-SB2500-Amended.html
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THE SENATE |
S.B. NO. |
2500 |
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THIRTIETH LEGISLATURE, 2020 |
S.D. 1 |
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STATE OF HAWAII |
H.D. 1 |
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A BILL FOR AN ACT
RELATING TO HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
PART I
SECTION 1. The legislature finds that the Hawaii technology development corporation is a key state agency in the development and support of the State's manufacturing industry. Furthermore, continued support for the manufacturing industry is essential to Hawaii's economy. The legislature further finds that the Hawaii technology development corporation's Hawaii small business innovation research program, manufacturing assistance program, and excelerator program all play important roles in providing support to more manufacturing companies. The legislature further finds that investing into these programs will help to bolster the manufacturing segment in developing markets beyond Hawaii, which is necessary to bolster economic activity to local companies.
The purpose of this part is to appropriate funds to the Hawaii technology development corporation for the Hawaii small business innovation research program, manufacturing assistance program, and excelerator program.
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 2020-2021 for the Hawaii small business innovation research program.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this part.
SECTION 3. 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 2020-2021 to continue operations, administration, and provision of grants by the manufacturing assistance program.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this part.
SECTION 4. 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 2020-2021 for the excelerator program.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this part.
SECTION 5. No moneys appropriated pursuant to this part shall be released unless the Hawaii technology development corporation has encumbered the following funds:
(1) $15,225,000 in general obligation bond funds appropriated in fiscal year 2019-2020 by Act 40, Session Laws of Hawaii 2019;
(2) $6,500,000 in general obligation bond funds appropriated in fiscal year 2018-2019 by Act 53, Session Laws of Hawaii 2018; and
(3) $900,000 in general obligation bond funds appropriated in fiscal year 2017-2018 by Act 53, Session Laws of Hawaii 2018.
PART II
SECTION 6. (a) There is established within the Hawaii technology development corporation a working group to develop a strategic plan for a climate innovation technology park to be located on Moku o Loe (Coconut Island) and to recommend other opportunities for the State to invest in technology to combat climate change.
(b) The working group shall be composed of the following members or their designees:
(1) The dean of the University of Hawaii school of ocean and earth science and technology;
(2) The director Hawaii institute of marine biology at the University of Hawaii;
(3) The chancellor of windward community college;
(4) The chairperson of the board of education;
(5) The director of business, economic development, and tourism; and
(6) The executive director of the Hawaii technology development corporation.
(c) The working group shall also invite the following individuals to serve on the working group:
(1) The executive director of the Heeia National Estuarine Research Reserve;
(2) The president of the Koolaupoko Hawaiian Civic Club;
(3) A designee of Hanohano Heeia;
(4) The director of the Purple Maia Foundation; and
(5) Representatives from any other community organizations whose participation is deemed necessary by a majority of the working group.
(d) The working group shall submit its strategic plan and other recommended opportunities for the State to invest in technology to combat climate change, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2021.
SECTION 7. 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 2020-2021 for the working group established in this part.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this part.
PART III
SECTION 8. This Act shall take effect on July 1, 2050.
Report Title:
Hawaii Technology Development Corporation; Climate Innovation Technology Park; Working Group; Appropriation
Description:
Appropriates funds to the Hawaii Technology Development Corporation for the Hawaii Small Business Innovation Research Program, Manufacturing Assistance Program, and Excelerator Program. Establishes and appropriates funds for a working group to develop a strategic plan for a climate innovation technology park to be located at Coconut Island and to recommend other opportunities for the State to invest in technology to combat climate change. Effective 7/1/2050. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
