RELATING TO THE HAWAII COMMUNITY-BASED ECONOMIC DEVELOPMENT TECHNICAL AND FINANCIAL ASSISTANCE PROGRAM.
This bill proposes to raise the maximum interest rate on loans provided by Hawaii's Community-Based Economic Development program from its current limit to ten percent. The change would directly affect borrowers and lenders participating in this state-funded initiative, allowing for higher interest charges on these specific loans. By adjusting this financial term, the legislation aims to modify the cost of capital available through the program. The measure has been referred to relevant committees for further review.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2024
Committee Review
Apr 2024
House Passage
May 2024
Senate Passage
May 2024
Signed into Law
Jun 2024
Introduced Jan 22, 2024
Signed Jun 24, 2024
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
46
Key actions
15
Committee
15
Amendments
3
May 1, 2024
Lower · Passed
Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Alcos, Amato, Garcia voting no (3) and none excused (0).
lower
May 1, 2024
Upper · Passed
Passed Final Reading, as amended (CD 1). Ayes, 24; Aye(s) with reservations: none. Noes, 1 (Senator(s) Awa). Excused, 0 (none).
upper
Apr 25, 2024
Introduced
48 Hrs. Notice (as amended CD 1) 05-01-24
upper
Apr 25, 2024
Upper · Passed
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 52-24).
upper
Apr 25, 2024
Lower · Passed
Reported from Conference Committee (Conf Com. Rep. No. 52-24) as amended in (CD 1).
lower
Apr 24, 2024
Upper · Passed
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) DeCoite, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Apr 24, 2024
Lower · Passed
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Holt, Lamosao, Garrett, Kong; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Pierick.
lower
Apr 23, 2024
Upper · Passed
Conference committee meeting scheduled for 04-24-24 9:35AM; CR 325.
upper
Apr 11, 2024
Amended
House disagrees with Senate amendment (s).
lower
Apr 9, 2024
Introduced
Returned from Senate (Sen. Com. No. 589) in amended form (SD 1).
lower
Apr 9, 2024
Upper · Passed
Report Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 1 (Senator(s) Awa). Excused, 0 (none). Transmitted to House.
upper
Apr 4, 2024
Upper · Passed
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, Shimabukuro, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite.
upper
Apr 2, 2024
Upper · Passed
The committee(s) on WAM will hold a public decision making on 04-04-24 10:15AM; CR 211 & Videoconference.
upper
Mar 22, 2024
Committee
Reported from EET (Stand. Com. Rep. No. 3243) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
upper
Mar 19, 2024
Upper · Passed
The committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 3 Aye(s): Senator(s) DeCoite, Wakai, Kim; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Fukunaga, Fevella.
upper
Mar 15, 2024
Upper · Passed
The committee(s) on EET has scheduled a public hearing on 03-19-24 1:15PM; Conference Room 229 & Videoconference.
upper
Mar 7, 2024
Committee
Referred to EET, WAM.
upper
Mar 1, 2024
Introduced
Received from House (Hse. Com. No. 46).
upper
Feb 29, 2024
Lower · Passed
Passed Third Reading with none voting aye with reservations; Representative(s) Alcos, Garcia, Ward voting no (3) and Representative(s) Cochran, Holt excused (2). Transmitted to Senate.
lower
Feb 22, 2024
Lower · Passed
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Poepoe, Takenouchi; Ayes with reservations: none; 2 Noes: Representative(s) Alcos, Ward; and 2 Excused: Representative(s) Cochran, Nishimoto.
lower
Feb 12, 2024
Committee
Reported from ECD (Stand. Com. Rep. No. 235-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Feb 7, 2024
Lower · Passed
The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Holt, Lamosao, Hussey-Burdick, Kong, Nakamura, Quinlan, Pierick; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) La Chica.
lower
Jan 26, 2024
Committee
Referred to ECD, FIN, referral sheet 3
lower
Jan 24, 2024
Introduced
Introduced and Pass First Reading.
lower
Jan 22, 2024
Introduced
Pending introduction.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Scott Saiki
DDemocratic
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