Bill Text: HI SB682 | 2017 | Regular Session | Amended
Bill Title: Relating To Energy.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed - Dead) 2017-03-09 - Referred to EEP/EDB, FIN, referral sheet 27 [SB682 Detail]
Download: Hawaii-2017-SB682-Amended.html
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THE SENATE |
S.B. NO. |
682 |
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TWENTY-NINTH LEGISLATURE, 2017 |
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:
SECTION 1. Act 159, Session Laws of Hawaii 2015, is amended as follows:
1. By amending subsection (a) of section 2 to read:
"(a) There is established within the
department of business, economic development, and tourism, a [two-year] four-year
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 high technology
development corporation to provide matching grants to businesses that meet
criteria established in subsection (b)."
2. By amending subsection (c) of section 2 to read:
"(c) The alternative energy research and
development pilot program shall cease to exist on June 30, [2017.] 2019."
3. By amending section 3 to read:
"SECTION 3. 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, [2017,] 2019, and all
unencumbered balances shall lapse to the credit of the general fund."
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 2017-2018 and the same sum 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 3. There is appropriated out of the alternative energy research and development revolving fund the sum of
$ or so much thereof as may be necessary for fiscal year 2017-2018 and the same sum or so much thereof as may be necessary for fiscal year 2018-2019 for the purpose of providing grants pursuant to Act 159, Session Laws of Hawaii 2015.
The sums appropriated shall be expended by the high technology development corporation for the purposes of this Act.
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on June 29, 2041, provided that sections 2 and 3 of this Act shall take effect on July 6, 2041.
Report Title:
Four-Year Alternate Energy Research and Development Pilot Project; Appropriations
Description:
Extends the sunset date of the Alternative Energy Research and Development Pilot Project to June 30, 2019. Appropriates funds for the Project.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
