Re-establishes the Hawaii Office of Naval Research grant program and creates an alternative energy research fund.

Hawaii HB1257 re-establishes the Hawaii Office of Naval Research grant program, which provides grants to businesses conducting research in alternative energy. The program is limited to businesses that have been awarded a grant by the United States Department of Defense Office of Naval Research and meet specific criteria, such as being resident-owned and having a high technology readiness level. The bill also establishes the alternative energy research and development revolving fund to promote research and development in alternative energy.

Re-establishes the Hawaii Office of Naval Research grant program and creates an alternative energy research fund.

Hawaii HB1257 re-establishes the Hawaii Office of Naval Research grant program, which provides grants to businesses conducting research in alternative energy. The program is limited to businesses that have been awarded a grant by the United States Department of Defense Office of Naval Research and meet specific criteria, such as being resident-owned and having a high technology readiness level. The bill also establishes the alternative energy research and development revolving fund to promote research and development in alternative energy.