Related To The Small Business Regulatory Review Board.
This bill represents a supportive measure for the small business community in Hawaii, which has faced varying challenges in regulatory compliance and operational requirements. By ensuring the operational stability of the Small Business Regulatory Review Board, HB636 aims to enhance the responsiveness of state regulatory frameworks to the needs of small businesses.
The appropriation outlined in HB636 is significant for the Small Business Regulatory Review Board as it ensures that the board can continue its operations and fulfill its mandate to facilitate a favorable environment for small businesses. The funding might potentially enhance the board's capability to review regulations impacting small businesses and advise on the regulatory landscape to promote economic growth within the state.
House Bill 636, introduced in the Thirty-First Legislature of Hawaii, addresses the operational funding for the Small Business Regulatory Review Board. The bill seeks to appropriate $74,000 from the state’s general revenues for fiscal years 2021-2022 and 2022-2023. This funding is earmarked for staffing, commissioner inter-island travel, and other necessary operating expenses that support the essential functions of the board.
Although specific points of contention around HB636 are not detailed in the transcripts available, like any appropriation bill, discussions may arise regarding the allocation of state funds and the efficacy of the money being directed towards the regulatory review. Stakeholders may debate whether the amount requested is appropriate given the challenges faced by small businesses or whether alternative funding allocations could yield greater benefits.