HRS §210D-4
Hawaii community-based economic development special fund
This section creates a special state fund for community-based economic development. Money in the fund comes from legislative appropriations, loan repayments, interest, fees, and other sources. The department can use this money to make loans or grants for the chapter's purposes, and can also move certain loan repayments from other programs into this fund.
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The statute, as written — Hawaii community-based economic development special fund; established
There is established a special fund to be known as the Hawaii community-based economic development special fund from which moneys shall be loaned or granted by the department under this chapter. All moneys appropriated to the fund by the legislature, received as repayments of loans, payments of interest or fees, and all other moneys received by the fund from any other source shall be deposited into the special fund and used for the purposes of this chapter. The department may deposit moneys it receives from the repayments of loans and payments of interest or fees from the Hawaii capital loan program established by chapter 210, the Hawaii large fishing vessel purchase, construction, renovation, maintenance, and repair loan program established by part II of chapter 189, and the Hawaii small fishing vessel loan program established by part IV of chapter 189, into the Hawaii community-based economic development special fund to be used for the purposes of this chapter. The department may use all appropriations and other moneys in the special fund not appropriated for a designated purpose to make grants or loans.
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