Bill Text: HI SB752 | 2012 | Regular Session | Amended
Bill Title: Community-Based Economic Development; Enterprise Zone Program; Department of Business, Economic Development, and Tourism Operation Special Fund; Temporary Surcharge
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Engrossed - Dead) 2012-04-13 - (H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747). [SB752 Detail]
Download: Hawaii-2012-SB752-Amended.html
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THE SENATE |
S.B. NO. |
752 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO ECONOMIC DEVELOPMENT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
PART I
SECTION 1. The purpose of this part is to amend the uses of the Hawaii community-based economic development revolving fund to include operational funding and a funding mechanism for the enterprise zone program.
SECTION 2. Section 210D-4, Hawaii Revised Statutes, is amended to read as follows:
"§210D-4 Hawaii community-based
economic development revolving fund; established. (a) There is
established a revolving fund to be known as the Hawaii community-based economic
development revolving fund [from which moneys shall be loaned or granted by the
department under this chapter]. All moneys appropriated to the fund by the
legislature, received as repayments of loans, payments of interest or fees, and
all other moneys received by the fund from any other source shall be deposited
into the revolving fund and used for the purposes of this chapter[.] and
chapter 209E.
(b) The department [may] shall
use all appropriations and other moneys in the revolving fund not appropriated
for a designated purpose to [make grants or loans.]:
(1) Fund the operations of the community-based economic development technical and financial assistance program and the enterprise zone program established under chapter 209E, and the personnel costs of the respective programs for staff positions existing on November 1, 2009; provided that the use of moneys from the fund for current and future personnel costs shall be limited to those employees performing specialized duties and assigned solely to the respective programs;
(2) Fund the operating costs of the council; and
(3) Make grants and loans in accordance with this chapter."
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 2011-2012 and the same sum or so much thereof as may be necessary for fiscal year 2012-2013 for deposit in the Hawaii community-based economic development revolving fund under section 210D-4, Hawaii Revised Statutes.
SECTION 4. There is appropriated out of the Hawaii community-based economic development revolving fund the sum of $ or so much thereof as may be necessary for fiscal year 2011-2012 and the same sum or so much thereof as may be necessary for fiscal year 2012-2013 for the operations of the community-based economic development technical and financial assistance program established under chapter 210D, Hawaii Revised Statutes, and the enterprise zone program established under chapter 209E, Hawaii Revised Statutes.
The sums appropriated shall be expended by the department of business, economic development, and tourism for the purposes of this part.
PART II
SECTION 5. The purpose of this part is to clarify that moneys in the hydrogen investment capital special fund shall be expended by the Hawaii strategic development corporation.
SECTION 6. Section 211F-5.7, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) Moneys in the fund shall be [used]
expended by the corporation to:
(1) Provide seed capital for and venture capital investments in private sector and federal projects for research, development, testing, and implementation of the Hawaii renewable hydrogen program, as set forth in section 196-10; and
(2) For any other purpose deemed necessary to carry out the purposes of section 196‑10."
PART III
SECTION 7. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 8. This Act shall take effect on July 1, 2050.
Report Title:
Community-Based Economic Development; Enterprise Zone Program; Appropriation
Description:
Amends the uses of the Hawaii community-based economic development revolving fund to include operational and certain personnel funding for the community-based economic development program and its advisory council and the enterprise zone program. Appropriates funds. Clarifies that moneys in the hydrogen investment capital special fund are to be expended by the Hawaii strategic development corporation. Effective 7/1/2050. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
