HRS §206M-76
What investment money can be used for and how
This section says that investment money can be used for any goal that fits the program's purpose, like building a prototype, making a plan, studying the market, or forming a team. The development corporation decides the terms and conditions for these investments.
businessesdevelopers
The statute, as written — Purposes and terms of investments
(a) Investments may be used for any purpose consistent with the purposes and objectives of this part, including but not limited to: (1) Developing a working prototype; (2) Preparing a development plan; (3) Performing an initial market analysis; (4) Organizing a management team; and (5) Any other purpose reasonably related to an economic development project. (b) Investments may be made on such terms and conditions as the development corporation shall determine to be reasonable, appropriate, and consistent with the purposes and objectives of this part.
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