HAR §15-321-16. Corporation action

After review of the application to assess the qualification of the applicant and the appropriateness, technical compliance, and feasibility of the proposed project, the administrator may submit the application with a recommendation for approval, contingent approval, or disapproval to the board. Any application forwarded to the board by the administrator may be rejected, accepted, deferred, or re-referred to the administrator for further review and recommendation. If the corporation accepts a request to allocate funds, it must obtain the governor's approval for funds to be allocated to the project. [Eff NOV 27 2023] (Auth: HRS §201H-206) (Imp: HRS §201H-206)