HRS §211D-2
Department's powers to run the capital access program
This section gives the department the authority to do what is needed to run the capital access program. It can make contracts, invest money, hire staff and lawyers, and charge fees. It can also set penalties for late fee payments.
state agencies
The statute, as written — 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: (1) Make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of its powers; (2) Invest money at the department's discretion in obligations determined proper by the department, and select and use depositories for its money; (3) Employ personnel and counsel and pay the persons from money in the fund legally available for that purpose; and (4) Impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges.
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