state_legiscan_drain · HI
Relating To Economic Development.
January 28, 2026
Summary
If enacted, this bill would establish 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. It allows borrower fees and state matching contributions to capitalize lender-held loan loss reserve accounts, establishes a special fund, and requires annual reports to the Legislature.
AI-generated summary · Jul 12, 2026. Verify with your compliance counsel before acting.
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Source: https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2583&year=2026
Common questions
- What does "Relating To Economic Development." cover?
- If enacted, this bill would establish the Hawaii Micro-Lending Credit Enhancement Program within the Department of Business, Economic Development, and…
- When was it published?
- It was published on January 28, 2026.