HAR §15-24-41
HAR §15-24-41. Purpose
Cite as Haw. Code R. § 15-24-41
The purpose of this section is to
provide
rules
governing
implementation
of
the
Kakaako
relocation
loan
program
authorized
by
§206E-10.5,
Hawaii
Revised
Statutes.
[Eff
2/11/91]
(Auth:
HRS
§§206E-4,
206E-10.5) (Imp:
HRS §§206E-4, 206E-10.5)
§15-24-42
Purpose
of
loans.
The
authority
may
make
loans
to
displaced
small
businesses
for
the
purpose
of
financing certain moving expenses, reestablishment expenses,
capital
improvements,
or
other
reasonable
and
necessary
expenses
resulting
from
being
displaced
from
its
place
of
business within the Kakaako community development district.
The intent of loans is to mitigate the expenses and impacts
to
small
businesses
that
are
displaced
from
the
Kakaako
community development district because of the redevelopment
activities
therein.
[Eff
2/11/91]
(Auth:
HRS
§§206E-4,
206E-10.5) (Imp:
HRS §§206E-4, 206E-10.5)
§15-24-43
Types
of
loans.
The
authority
may
make
direct loans or participation loans made in conjunction with
loans
made
by
other
financial
institutions,
including
the
SBA.
[Eff
2/11/91]
(Auth:
HRS
§§206E-4,
206E-10.5)
(Imp:
HRS §§206E-4, 206E-10.5)