SB 992 Hawaii Senate · 2026 Regular Session

RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.

Summary

Requires the Hawaii Technology Development Corporation to establish state goals and implement projects to promote economic diversification through innovation and technology. Requires annual reports to the Legislature. Appropriates funds to the Small Business Innovation Research Program, Manufacturing Assistance Program, and Accelerator and Small Business Training Programs. Effective 7/1/2050. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB992 → SB992_SD1 · 3 edits

MINOR

This bill was updated from an original House version to a Senate District 1 amendment, primarily changing the effective date from July 1, 2025, to July 1, 2050, which significantly delays when the new economic programs begin. The specific dollar amounts for funding the Small Business Innovation Research, Manufacturing Assistance, and Accelerator programs were removed, leaving them blank for the legislature to fill in later. Several formatting and stylistic edits were made to the text, such as removing the word 'the' in the title and adjusting line breaks.

Scope change

The bill's scope remains focused on promoting economic diversification through technology, but the applicability is now delayed by nearly 25 years due to the new effective date.

TIMELINE

The effective date of the Act was changed from July 1, 2025, to July 1, 2050, postponing the implementation of all new requirements and funding.

FISCAL

Specific dollar amounts allocated to the Small Business Innovation Research, Manufacturing Assistance, and Accelerator programs were deleted, requiring the legislature to determine the funding levels in a future session.

TECHNICAL

Minor text edits were made to the title and body of the bill, including removing the word 'the' from the title and adjusting punctuation and line breaks.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Feb 10, 2025

Committee

Reported from EDT (Stand. Com. Rep. No. 125) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 30, 2025

Upper · Passed

The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT 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, Awa.

upper

Jan 27, 2025

Upper · Passed

The committee(s) on EDT has scheduled a public hearing on 01-30-25 1:00PM; Conference Room 229 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to EDT, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

1 primary · 0 co-sponsors