Official record
Measure details
- Jurisdiction
- Hawaii
- Session
- 2026
- Chamber
- upper
- Classification
- bill
- Subjects
- Appropriation ($), Credit Enhancement, DBEDT, Loan Loss Reserve, Micro-Lending, Reports, Small Businesses, Special Fund
- Introduced / first action
- 2026-01-28 00:00:00
Source-supplied abstracts
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. Requires reports to the Legislature. Appropriates funds.
Sponsors
- KEOHOKALOLE (primary), primary