HawaiiRELATING TO ECONOMIC DEVELOPMENT.
What it does
Establishes the Hawaii Micro-Lending Credit Enhancement Program within the Department of Business, Economic Development, and Tourism to expand micro-lending capacity by providing state‑funded loan loss reserves or other credit enhancement that absorbs first losses on qualified micro-loans made by participating lenders to Hawaii small businesses. Allows borrower fees and state matching contributions to capitalize lender-held loan loss reserve accounts. Establishes the Hawaii Micro-Lending Credit Enhancement Special Fund.
More detail
Requires reports to the Legislature. Appropriates funds.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 2Referred to EDT, WAM/CPN.Latest
- Jan 28Introduced.Minor
- Jan 28Passed First Reading.Introduced