HAR §15-4-5
HAR §15-4-5. Direct and participation loans
Cite as Haw. Code R. § 15-4-5
(a) The director may make two types of loans:
(1) Loans wholly from state funds, to be known as direct loans; and
(2) Loans made in participation with one or more financial institutions, to be known as
participation loans.
(b) No direct loan shall be made unless a participating loan cannot be negotiated at reasonable
terms. [Eff. JUL 6 1981] (Auth: HRS §209-26) (Imp: HRS §209-27)