ALAMEDA, Calif. — Hawaii lawmakers closed out their session this week, but not before taking a series of controversial actions to balance a $10.2 billion budget that has been hammered by the recession.

Local investors are up in arms over one bill approved by lawmakers, which imposes a three-year moratorium on tax credits that had been promised to residents who had invested in local high-tech businesses.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.