HAR §15-127-16. §15-127-16 Types of Investment

(a) The corporation may make three types of investments: (1) Indirect investments; or (2) Direct investments; or (3) Sureties for capital access. (b) Indirect investment by the corporation is the financial participation in eligible seed or venture capital organizations which make direct investments in enterprises. (c) Direct investment by the corporation is financing provided for eligible enterprises. (d) Sureties by the corporation may be made to provide businesses insurance, guarantees, or letters of credit through agreements with lending institutions and borrowers. [Eff JUL 20 1991] (Auth: HRS §211F-2) (Imp: HRS §211F-2)