Report Title:

Community-based economic development

Description:

Appropriates funds for the Hawaii community-based economic development technical and financial assistance program of DBEDT.

HOUSE OF REPRESENTATIVES

H.B. NO.

1601

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO COMMUNITY-BASED ECONOMIC DEVELOPMENT.

 

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

SECTION 1. The legislature finds that the business community, nonprofit organizations, and other entrepreneurs require a functional, service-oriented agency that is readily accessible. Such an agency is needed to provide business counseling, financial backing, and general support to foster real community-based economic development of the various products and services demonstrating and embracing Hawaii's diversified economy.

The Hawaii community-based economic development technical and financial assistance program of the department of business, economic development, and tourism was established for this very purpose. To provide needed financial assistance to community-based entrepreneurs, the Hawaii community-based economic development technical and financial assistance program has been authorized by the legislature to provide low interest grants to qualifying applicants.

The purpose of this Act is to appropriate funds for the Hawaii community-based economic development financial and technical assistance program.

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 2003-2004 and the sum of $      or so much thereof as may be necessary for fiscal year 2004-2005 to provide grants under the Hawaii community-based economic development financial and technical assistance program.

The sums appropriated shall be expended by the department of business, economic development, and tourism for the purposes of this Act.

SECTION 3. This Act shall take effect on July 1, 2003.

INTRODUCED BY:

_____________________________