§206M-24 Sustainable aviation fuel program; established. (a) There is established the sustainable aviation fuel program, through which the development corporation may provide matching grants to any small business in the State that is developing products related to sustainable aviation fuel or greenhouse gas reduction from commercial aviation operations and requires assistance for any of the following items:
(1) Business planning;
(2) Technology development;
(3) Engineering; or
(4) Research.
(b) In reviewing grant applications pursuant to this section, the development corporation shall analyze each application to determine whether the item to be undertaken will be economically viable and beneficial to the State.
(c) For the purposes of the program, product development activities eligible for matching funds grants shall reduce commercial aviation greenhouse gas emissions through:
(1) Sustainable aviation fuel production;
(2) Airborne operations fuel efficiency;
(3) Ground support equipment fuel replacement;
(4) Ground support equipment fuel efficiency; or
(5) Airport operations support to reduce overall jet fuel consumption.
(d) Hawaii jet fuel baseline carbon intensity shall be set at eighty-nine grams of carbon dioxide equivalent per megajoule, in line with the benchmark established by the International Civil Aviation Organization. This carbon intensity may be revised upon recommendation from the Hawaii state energy office based upon future revisions to the United States Department of Energy's Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation full life-cycle model; provided that carbon intensity shall be measured in the units of grams of carbon dioxide equivalent per megajoule.
(e) For the purposes of this section:
"Grant" means financial assistance provided to Hawaii small business innovation research, small business technology transfer, and other agency and private sector awardees and applicants under the terms and conditions provided in this chapter.
"Hawaii small business innovation research", "small business technology transfer", and "sustainable aviation fuel program" means the programs administered by the development corporation to encourage participation by enterprises in federal research and development programs.
"Other agency" means an entity that receives an award or contract granted by the United States Departments of Agriculture, Transportation, Energy, Defense, or Commerce, or other federal agencies for activities consistent with those defined in this section.
"Small business" shall have the same meaning as in section 201M-1.
"Sustainable aviation fuel" means American Society for Testing and Materials D7566-compliant renewable aviation turbine fuel derived from biofuels, as defined in section 269-91, and with a greenhouse gas lifecycle carbon intensity lower than the baseline for jet fuel defined by the International Civil Aviation Organization. [L 2021, c 180, §2]
Structure Hawaii Revised Statutes
Title 13. Planning and Economic Development
206M. High Technology Development Corporation
206M-2 Establishment of the Hawaii technology development corporation; purpose.
206M-2.5 Meetings of the board.
206M-3.4 Contracts for services necessary for management and operation of corporation.
206M-4 Compliance with state and local law.
206M-7 Conditions precedent to negotiating and entering into a project agreement.
206M-9 Issuance of special purpose revenue bonds; bond anticipation notes; refunding bonds.
206M-10 Authorization for loans; loan terms and conditions; loan procedure.
206M-11 Special purpose revenue bonds not a general or moral obligation of State.
206M-12 Special purpose revenue bonds exempt from taxation.
206M-12.5 Federal tax-exempt status.
206M-13 Special purpose revenue bonds as legal investments and lawful security.
206M-14 Status of special purpose revenue bonds under the Uniform Commercial Code.
206M-15 Technology research and development loans and grants.
206M-15.1 Manufacturing development program; established.
206M-15.2 Research and development program established.
206M-15.5 Technology special fund.
206M-16 Exemption of development corporation from taxation and competitive bidding.
206M-17 Revenue bond fund accounts.
206M-18 Assistance by state and county agencies.
206M-19 Court proceedings; preferences.
206M-20 Construction of this chapter.
206M-21 Confidentiality of trade secrets or the like; disclosure of financial information.
206M-22 Limitation on liability.
206M-23 Hydrogen implementation coordinator.
206M-24 Sustainable aviation fuel program; established.
206M-43 Findings and determinations for special facility leases.
206M-44 Special facility lease.
206M-45 Special facility revenue bonds.
206M-61 Strategic development programs; purpose; powers.
206M-62 Strategic development programs revolving fund.
206M-63 Hydrogen investment special fund.
206M-65 Actions of the development corporation; guidelines.
206M-67 Confidentiality of trade secrets or the like; disclosure of financial information.
206M-68 Requests for assistance from the development corporation; procedure.
206M-69 Private sector financial support.
206M-70 Limitations on debt owed to the development corporation.
206M-71 Limitation on liability.
206M-72 HI growth initiative; report to legislature.
206M-75 Seed capital investments.
206M-76 Purposes and terms of investments.
206M-78 Venture capital investments.
206M-79 Purposes and terms of investments.
206M-83 Conditions for procuring of insurance, loan guarantees, or letters of credit.
206M-84 Program for capital access participation agreements.
206M-85 Establishment of special funds to secure loan insurance obligations; source of funds.