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 |
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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 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 Act.
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 Act.
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 Act.
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) At a minimum, the working group shall comprise the following members or their designees:
(1) The executive director of the Heeia National Estuarine Research Reserve, who shall be invited to serve on the working group;
(2) The dean of the university of Hawaii school of ocean and earth science and technology;
(3) The director of the university of Hawaii Hawaii institute of marine biology;
(4) The chancellor of windward community college;
(5) The chairperson of the board of education;
(6) The director of business, economic development and tourism;
(7) The executive director of the Hawaii technology development corporation;
(8) The president of the Koolaupoko Hawaiian Civic Club, who shall be invited to serve on the working group;
(9) A designee of Hanohano Heeia, who shall be invited to serve on the working group;
(10) The director of the Purple Maia Foundation, who shall be invited to serve on the working group; and
(11) Representatives from any other community organizations whose participation is deemed necessary by a majority of the working group, who shall be invited to serve on the working group.
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; 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. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
