Establishes a revolving fund to provide state matching funds for federal grants awarded to the Hawaii Technology Development Corporation.
The bill establishes the Hawaii Technology Development Corporation Revolving Fund to provide state matching funds for federal grants awarded to the Hawaii Technology Development Corporation. The fund will be administered by the corporation and will consist of legislative appropriations, transfers from other funds, federal funds received as part of grant awards, repayments or reimbursements, and interest earned on the fund balance.
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