HRS §211D-7
Limits on state money for loan reserve accounts
This section sets limits on how much the state can put into a bank's reserve account for a single borrower or loan. The state cannot put in more than $100,000 for one borrower over three years. For each loan, the state's deposit is capped at $35,000 or a percentage of the loan, whichever is less.
borrowersfinancial institutions
The statute, as written — Limitations on state contribution to reserve account
(a) The amount deposited by the department into a participating financial institution's reserve account for any single loan recipient may not exceed $100,000 during a three-year period. (b) The maximum amount the department may deposit into a reserve account for each capital access loan made under this chapter is the lesser of $35,000 or an amount equal to: (1) Eight per cent of the loan amount if: (A) The borrower is an eligible enterprise zone business located in an area designated as an enterprise zone under chapter 209E; or (B) The borrower is a small or medium-size business or a nonprofit organization that operates or proposes to operate a child care facility or adult residential care home; or (2) Six per cent of the loan amount for any other borrower.
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