RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Matsumoto, Perruso excused (2).
Summary
The bill lets the Hawaii Technology Development Corporation give grants to any Hawaii business that applies for or receives a federal research and development award or contract that requires a non‑federal match. Grants can cover up to 50 % of the federal award or the required match, except for firms whose primary purpose is developing or testing weapons or munitions. It aims to make state funding more flexible for leveraging federal research money.
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