HAR §15-32-4. Grants; purpose; use of

(a) The development corporation may provide grants in accordance with section 206M-15, HRS. (b) Grants may be used by any recipient for any of the following purposes: (1) To purchase equipment or services, augment staff to add expertise required to expedite or enhance the quality ofthe SBIR or STTR program work, prepare an SBIR or STTR program proposal, or prepare for subsequent SBIR or STTR program activities; (2) To establish financial responsibility and to undertake the approved SBIR or STTR program work while awaiting funding from the federal agency granting the SBIR or STTR award; or (3) To serve as a "bridge" to permit the recipient to continue its operations during the time period between the completion of the SBIR or STIR award submission and receipt of subsequent SBIR or STIR award funds. ( c) Grants shall not be used by any recipient for any ofthe following purposes: 32-3 "31 7 §15-32-4 (1) Where the direct or indirect purpose or result ofthe grant would be to: (A) Repay a creditor or creditors ofthe recipient for any reason; or (B) Provide funds directly or indirectly as a loan to owners, partners, or shareholders ofthe recipient; (2) Effect a change in ownership ofthe recipient; (3) Provide or free funds for acquisition ofany kind of real property; (4) Entertainment or lobbying activities; or (5) Payment for goods or services for which moneys were granted unde.r the manufachtring development program pursuant to section 206M-15. l, HRS, or the alternative energy research and development program pursuant to Act 67, Session Laws ofHawaii 20l 8. [Eff 12/21/89; am.arul GQWP 12/13/l 2; am and comp 3/11/16; am and comp FEB U .1 2019 ] (Auth: HRS §206M-15) (Imp: HRS §206M-15) SUBCHAPTER 2 ELIGIBILITY AND SELECTION PROCESS