HAR §15-311-35. Conditions for program funds

For a commitment of project funds, the corporation may require the applicant to enter into an agreement with the corporation, such as a development agreement or regulatory agreement, evidencing the applicant's obligation to develop the project in a manner which will carry out the intent and purpose of the program. The corporation may require the applicant to prepare and maintain such records, including cost certifications, which evidence that project funds are being applied in a manner which meets the requirements of the program. 311-17 §15-311-35 Additionally, the corporation may impose such requirements including restrictions covering the sale of dwelling units set forth in sections 201H-45 through 201H-51, HRS, or such other restrictions which the corporation shall require as a condition for project funds. [Eff 4/23/10; comp JAN 1 5 2022 (Auth: HRS §201H-202) (Imp: HRS §201H-202) SUBCHAPTER 4 REPORTING AND OTHER REQUIREMENTS