THE SENATE	S.B. NO.	3001
TWENTY-NINTH LEGISLATURE, 2018		S.D. 2
STATE OF HAWAII		H.D. 1

A BILL FOR AN ACT

 

 

RELATING TO ENERGY.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  (a)  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 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 with the Department of Defense that is existing and active or was granted within three years prior to the effective date of this Act; provided that the contract is funded by moneys designated by the United States Congress as funding for alternative energy and a national defense budget funding directive.

     (b)  The amount of any grant awarded pursuant to this Act shall not exceed       per cent of the amount of the grant awarded to the business by the Department of Defense.

     (c)  A 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, at the time of or during the duration of this Act.

     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 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.

     SECTION 3.  This Act shall take effect on July 1, 2112, and shall be repealed on June 30, 2023.

 

Report Title:

Hawaii Technology Development Corporation; Appropriation

 

Description:

Authorizes the Hawaii Technology Development Corporation to provide grants to certain business conducting research and development of alternative energy projects.  Appropriates funds.  (SB3001 HD1)

 

 

 

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