HRS §206M-81
Getting insurance or guarantees for loans and bonds
Read the official text at capitol.hawaii.gov ↗This section lets the development corporation, through its capital access program, buy insurance, a guarantee, or a letter of credit to back up loans, leases, or revenue bonds. It can cover part or all of one or many of these. This helps make the financing more secure.
businessesdevelopersstate agencies
The statute, as written — Financial assistance
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The development corporation, through the program for capital access, may: (1) Procure insurance, a guarantee, or a letter of credit from any source for all or a part of a loan, debenture, or lease of others, public or private, or a revenue bond issue of the State or other entity or authority authorized by law to issue revenue bonds; and (2) Procure insurance, a guarantee, or a letter of credit for either a single loan, debenture, or lease or for any combination of loans, debentures, or leases, or a single revenue bond issue or for all or a part of any combination of revenue bond issues.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.