HAR §15-311-33
HAR §15-311-33. Corporation action
Cite as Haw. Code R. § 15-311-33
(a)
The
corporation may accept a request that program funds be
allocated or may deny a request for program funds for
a project.
The corporation may also defer action on
any request for project funds and may request that
additional information be submitted.
If the
corporation accepts a request that program funds be
allocated for a project, the corporation must make
specific findings that the use and application of
program funds for the project are consistent with the
purposes of the program and must submit a
recommendation to the governor that program funds be
allocated for the project.
(b)
For any project that the corporation
recommends to be assisted by program funds, the
corporation shall provide the governor with a summary
of the project to be developed.
The summary shall
include:
(1)
The various aspects of the project,
including any projects or loan programs to
be a part of the program;
311-16
§15-311-35
(2)
The methods of financing the project or
loans;
(3)
If applicable, how the program funds will be
returned to the program;
(4)
Specific findings that the application of
program funds will meet the requirements of
the program and that the application of
program funds will comply with the primary
objectives of the program;
(5)
Other information which the corporation
deems relevant; and
(6)
Other information as the governor may
request.
[Eff 4/23/10; comp
JAN 1 5 2022 ]
(Auth:
HRS §201H-202) (Imp:
HRS §201H-204)