HRS §516-123
Loan terms must cover program costs and bond payments
Loans made under the acquisition loan programs must charge enough in interest and fees to pay for running the program and to make sure the revenue bonds get paid back on time.
borrowersstate agencies
The statute, as written — Acquisition loan programs; self supporting
The interest rate, fees, charges, premiums, and other terms of the loans made under the acquisition loan programs shall be at least sufficient to pay the cost of administering and maintaining the portion of the specific acquisition loan programs for which the revenue bonds have been issued, and to assure payment of the principal of and interest on the revenue bonds as they become due.
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