HAR §4-8-14. Equity contribution

(a) The department may require a reasonable cash contribution from an applicant to purchase equipment or other capital items or to complete the project. The department may modify the repayment term based on the amount of applicant's equity contribution. (b) Cash, real property, farm equipment, crops, and other assets which contribute significantly toward the project may be accepted as equity contribution. The division shall determine whether non-cash equity contribution contributes significantly toward the project. [Eff 1/31/85; comp 9/20/86] (Auth: HRS §155-4) (Imp: HRS §§155-10, 155-11) 8-10