Act 183, on 07/06/2026 (Gov. Msg. No. 1285).
Summary
The bill establishes the Hawaii Micro‑Lending Credit Enhancement Program within the Department of Business, Economic Development, and Tourism. It lets participating lenders receive state‑funded loan‑loss reserves, funded by borrower fees (up to 1% of the loan) and a matching state contribution, to cover first losses on micro‑loans to qualified local small businesses. The program is voluntary, funded through a new special fund, and requires annual reporting to the Legislature.
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