[§304A-2276] Hawaii educator loan program revolving fund. There is established the Hawaii educator loan program revolving fund, for the purpose of providing loans pursuant to section 304A-701. Appropriations made by the legislature, private contributions, repayment of loans, including interest and payments received on account of principal, and moneys from other sources shall be deposited into the revolving fund and shall be expended by the university. An amount from the revolving fund not exceeding five per cent of the total amount of outstanding loans may be set by the university to be used for administrative expenses incurred in administering the revolving fund. [L 2006, c 75, pt of §2; am L 2015, c 106, §6]
Revision Note
Section was renumbered from §304A-2161 pursuant to §23G-15.
Section: Previous 304a-2269 304a-2270 304a-2271 304a-2272 304a-2273 304a-2274 304a-2275 304a-2276 304a-2277 304a-2351 304a-2352 304a-2353 304a-2354 304a-2355 304a-2401 NextLast modified: October 27, 2016