THE SENATE	S.B. NO.	59
THIRTY-SECOND LEGISLATURE, 2023
STATE OF HAWAII

A BILL FOR AN ACT

relating to hawaii technology development corporation.

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

SECTION 1. The legislature finds that Hawaii's manufacturing industry is a critical part of the State's economy. The Hawaii small business innovation research program, manufacturing assistance grant program, and excelerator grant program offered by the Hawaii technology development corporation help fund and support the State's manufacturing businesses.

Accordingly, the purpose of this Act is to appropriate moneys to the Hawaii technology development corporation for its manufacturing assistance programs.

SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $10,000,000 or so much thereof as may be necessary for fiscal year 2023-2024 and the same sum or so much thereof as may be necessary for fiscal year 2024-2025 for the Hawaii small business innovation research program.

The sums 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 $2,000,000 or so much thereof as may be necessary for fiscal year 2023-2024 and the same sum or so much thereof as may be necessary for fiscal year 2024-2025 for the manufacturing assistance grant program.

The sums 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 $2,000,000 or so much thereof as may be necessary for fiscal year 2023-2024 and the same sum or so much thereof as may be necessary for fiscal year 2024-2025 to support the excelerator grant program.

The sums appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.

SECTION 5. This Act shall take effect on July 1, 2023.

INTRODUCED BY:

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Report Title:

Hawaii Technology Development Corporation; Hawaii Small Business Innovation Research Program; Manufacturing Assistance Grant Program; Excelerator Grant Program; Appropriation

Description:

Appropriates moneys to the Hawaii Technology Development Corporation for its manufacturing assistance programs.

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