HAR §15-308-3. Referrnces to other chapters

(a) To the extent appropriat~ for the implementation of chapter 201H, HRS, references ·in documents, forms, and similar instruments of the corporation to chapters 201E, 201G, 356, 359, and 359G, HRS, shall be treated as references to chapter 201H, HRS. (b) To the extent appropriate for the implementation of this chapter, references in documents, forms, and similar instruments of the 308-13 (1) Demonstrates efficient financial capacity and ability to exercise the corporation's repurchase rights in a timely fashion; (2) Demonstrates the ability to comply with the requirements set forth in subchapter 5, infra; and (3) Agrees to comply with all applicable requirements set forth in subchapter 5 of this chapter. "Qualified resident" means the same as defined under section 201H-32, HRS. "Rules" means these rules. "Sponsored" includes, but is not limited to, the provision of a loan and exemptions pursuant to section 201H-38, HRS. "Sponsored project" means a housing project benefitting from various programs administered by the corporation including, but not limited to, a loan and exemptions pursuant to section 201H-38, HRS. "State" means the State of Hawaii. "Subsidies" means the difference between all costs expended by the corporation, less any recoveries by the corporation. It also includes unrecovered development, land, financing, and carrying costs. "Sustainable affordable leases" means the same as defined in section 516-1, HRS. "Value" means the value of a property as determined by a qualified appraiser. [Eff 1/15/22; am and comp DEC 1 0 2022 (Auth: Hxs §§201H-4, 201H-40, 201H-41, 201H-42, 201H-45, 201H-47, 201H-51) (Imp: HRS §§201H-1, 201H-4, 201H-8, 201H-40, 201H-41, 201H-42, 201H-44, 201H-45, 201H-47, 201H-51) ------- I - - - 1