Hawaii Revised Statutes 211d. Capital Access Program

  • 211d-1 Definitions.
    As used in this chapter, unless the context otherwise requires: "Capital access loan" means a loan that is entitled to be secured by the...
  • 211d-2 Powers of Department in Administering the Capital Access Program.
    In administering the program, the department shall have all the powers necessary to carry out the purposes of this chapter, including the power to:...
  • 211d-3 Capital Access Program.
    (a) The department shall establish a capital access program to assist a participating financial institution in making loans to businesses and nonprofit organizations that...
  • 211d-4 Rulemaking Authority.
    (a) The department shall adopt rules relating to the implementation of the program and any other rules necessary to accomplish the purposes of this...
  • 211d-5 Provisions Relating to Capital Access Loan.
    (a) Except as otherwise provided by this chapter, the department may not determine the recipient, amount, or interest rate of a capital access loan...
  • 211d-6 Reserve Account.
    (a) On approval by the department and after entering into a participation agreement with the department, a participating financial institution making a capital access...
  • 211d-7 Limitations on State Contribution to Reserve Account.
    (a) The amount deposited by the department into a participating financial institution's reserve account for any single loan recipient may not exceed $100,000 during...
  • 211d-8 State's Rights With Respect to Reserve Account.
    (a) All of the money in a reserve account established under this chapter is property of the State. (b) The State is entitled to...
  • 211d-9 Annual Report.
    A participating financial institution shall submit an annual report to the department. The report shall: (1) Provide information regarding outstanding capital access loans, capital...
  • 211d-10 Reports; Audits.
    (a) The department shall submit to the legislature an annual status report on the program's activities. (b) The financial transactions of the fund are...
  • 211d-11 State Liability Prohibited.
    The State is not liable to a participating financial institution for payment of the principal, the interest, or any late charges on a capital...
  • 211d-12 Gifts and Grants.
    The department may accept gifts, grants, and donations from any source for the purposes of this chapter. [L 2000, c 290, pt of ยง2]

Last modified: October 27, 2016