Bill Text: HI SB3001 | 2018 | Regular Session | Amended
Bill Title: Relating To Energy.
Spectrum: Partisan Bill (Democrat 12-0)
Status: (Engrossed - Dead) 2018-04-27 - Conference committee meeting to reconvene on 04-27-18 2:01 pm in conference room 225. [SB3001 Detail]
Download: Hawaii-2018-SB3001-Amended.html
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THE SENATE |
S.B. NO. |
3001 |
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TWENTY-NINTH LEGISLATURE, 2018 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO ENERGY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
PART I
SECTION 1. (a) There is established within the department of business, economic development, and tourism, an alternative energy research and development pilot program to provide grants to qualified businesses conducting research and development in alternative energy. The purpose of the pilot program shall be to promote the research and development of alternative energy in Hawaii by authorizing the Hawaii technology development corporation to provide matching grants to businesses that meet criteria established in subsection (b).
(b) Subject to the availability of funds, the Hawaii technology development corporation may provide a grant to any business that:
(1) Has been awarded a competitive contract from the Department of Defense Office of Naval Research related to the research of alternative energy and energy efficiency technologies in the fields of geothermal, solar, wind, ocean power, hydrodynamics, bioenergy, biomass, solid waste, smart grids, transportation, or demand response;
(2) Is sixty per cent or more
resident-owned. For purposes of this paragraph,
"resident" shall have the same meaning as in section 235-1, Hawaii
Revised Statutes;
(3) Is
a for-profit entity organized under the laws of the State;
(4) Has
been doing business in the State for no less than one year;
(5) Agrees
to expend all grant funds, awarded pursuant to this Act, in the State; and
(6) Conducts research in alternative energy that has a high technology readiness level or high potential for implementation as evidenced by a contract, funded by moneys designated by the United States Congress as funding for alternative energy and a national defense budget funding directive, with the Department of Defense Office of Naval Research that is existing and active or was granted within three years prior to the effective date of this Act;
provided that the amount of any grant awarded pursuant to this Act shall not exceed fifty per cent of the amount of the grant awarded to the business by the Department of Defense Office of Naval Research; provided further that the business shall not be eligible for a grant pursuant to this section if the business has obtained any other state grant for the same research, other than the grant awarded to the business by the Department of Defense Office of Naval Research, at the time of or during the duration of the alternative energy research and development pilot program grant.
(c) The alternative energy research and development pilot program shall cease to exist on June 30, 2020.
(d) The department of business, economic development, and tourism shall adopt rules, pursuant to chapter 91, Hawaii Revised Statutes, necessary for the purposes of implementing the alternative energy research and development pilot program.
PART II
SECTION 2. There is established the alternative energy research and development revolving fund for the purpose of promoting alternative energy research and development in Hawaii.
The alternative energy research and development revolving fund shall be abolished on June 30, 2020, and all unencumbered balances shall lapse to the credit of the general fund.
SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2018-2019 to be deposited into the alternative energy research and development revolving fund.
SECTION 4. There is appropriated out of the alternative energy research and development revolving fund the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2018-2019 for the purpose of providing grants pursuant to this Act.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
PART III
SECTION 5. Section 206M-15.6, Hawaii Revised Statutes, is amended to read as follows:
"[[]§206M-15.6[]] Hawaii technology loan and grant revolving
fund. There is established the
Hawaii technology loan and grant revolving fund for the purpose of
investing in technology development in Hawaii[.]; including providing
grants to promote alternative energy research and development in Hawaii. The following shall be deposited into the
Hawaii technology loan revolving fund:
(1) Appropriations from the legislature;
(2) Moneys received as repayments of loans;
(3) Investment earnings;
(4) Royalties;
(5) Premiums, or fees or equity charged by the corporation, or otherwise received by the corporation; and
(6) Loans that are convertible to equity;
provided that the total amount of moneys in the fund shall not exceed $2,000,000 at the end of any fiscal year."
SECTION 6. There is appropriated out of the general revenues of the State of Hawaii the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2018-2019 to be deposited into the Hawaii technology loan and grant revolving fund.
SECTION 7. There is appropriated out of the Hawaii technology loan and grant revolving fund the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2018-2019 for the purpose of providing grants pursuant to this Act.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
PART IV
SECTION 8. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 9. This Act shall take effect on July 1, 2018; provided that on June 30, 2020, section 5 of this Act shall be repealed and section 206M-15.6, Hawaii Revised Statutes, shall be reenacted in the form in which it read on the day before the effective date of this Act.
Report Title:
Alternate Energy Research and Development Pilot Program; Appropriation
Description:
Establishes an Alternative Energy Research and Development Pilot Program and appropriates moneys for grants under the pilot program. Repeals June 30, 2020. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
