Re-establishes a two-year Hawaii Office of Naval Research grant program for alternative energy research and development.
The bill re-establishes a two-year Hawaii Office of Naval Research grant program to provide matching grants to businesses conducting research and development in alternative energy. The program aims to promote research and development of alternative energy in Hawaii by authorizing the Hawaii Technology Development Corporation to provide grants to qualified businesses. The bill also establishes the alternative energy research and development revolving fund to support these efforts.
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