THE SENATE

S.B. NO.

2265

THIRTIETH LEGISLATURE, 2020

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to HAWAIIAN HOMELANDS.

 

 

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

 


SECTION 1. Chapter 210D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"210D-   Micro enterprise assistance program on Hawaiian home lands revolving fund; established. (a) There is established in the state treasury the micro enterprise assistance program on Hawaiian home lands revolving fund, into which shall be deposited:

(1) Appropriations from the legislature;

(2) Federal grants and subsidies to the State;

(3) Private investments; and

(4) Voluntary contributions.

(b) Moneys in the micro enterprise assistance program on Hawaiian home lands revolving fund shall be used to provide grants and loans to the following recipients through the implementation of the micro enterprise assistance program:

(1) Qualified native Hawaiians as defined by the Hawaiian Homes Commission Act of 1920 and pursuant to title XII of the state constitution;

(2) Native Hawaiian-controlled homestead associations with members who are qualified native Hawaiians as defined by the Hawaiian Homes Commission Act of 1920 and pursuant to title XII of the state constitution; and

(3) Hawaiian homestead associations' designated tax exempt community development corporations."

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 2020-2021 and the same sum or so much thereof as may be necessary for fiscal year 2021-2022 for deposit into the micro enterprise assistance program on Hawaiian home lands revolving fund.

SECTION 3. There is appropriated out of the micro enterprise assistance program on Hawaiian home lands revolving fund of the sum of $           or so much thereof as may be necessary for fiscal year 2020-2021 and the same sum or so much thereof as may be necessary for fiscal year 2021-2022 for loans or grants issued pursuant to section 210D‑  , Hawaii Revised Statutes, established by section 1 of this Act.

The sums appropriated shall be expended by the department of Hawaiian home lands for the purposes of this Act.

SECTION 4. New statutory material is underscored.

SECTION 5. This Act shall take effect on July 1, 2050.

 

INTRODUCED BY:

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Report Title:

DBEDT; Micro Enterprise Assistance Program on Hawaiian Home Lands; Revolving Fund; Appropriation

 

Description:

Establishes the micro enterprise assistance program on Hawaiian home lands revolving fund to provide grants and loans through the implementation of the micro enterprise assistance program to qualified native Hawaiians, native Hawaiian-controlled homestead associations, and homestead association community development corporations. Appropriates funds. Takes effect on 7/1/2050.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.