HAR §6-17-6
HAR §6-17-6. Letter of intent
Length: 137 wordsOfficial source
Cite as Haw. Code R. § 6-17-6
An applicant shall submit a letter of intent for
a project agreement to the director of finance The Jetter shal1 contain, at a
minimum, the following information:
(1)
The approximate principal amount of the special purpose revenue
bonds, not including bond issuance costs. This amount represents
the net proceeds of the bonds required for the financing of the
cost of the facility.
(2)
A general description of tht: educational fadlity to be fiuam.:e<.l,
including the types of services to be provided and the number of
students to be served.
(3)
The proposed security for the repayment of the bonds.
(4)
If the facility involves new construction, the estimated timetable
for its construction and availability for use.
(5)
The proposed timetable for the issuance of the bonds.
[Eff
APR 11 ml>
] (Auth: HRS §26-38) (Imp: HRS
§39A-252)