Powers and duties
HRS §210D-8
in effect210D-8. Powers and duties
The department shall have the necessary powers to carry out the purposes of this chapter, including the following:
(1) With advice from the council, prescribe the
qualifications for eligibility of applicants for loans and grants;
(2) With advice from the council, establish
preferences and priorities in determining eligibility for financial assistance;
(3) Establish the conditions, consistent with the
purpose of this chapter, for the awarding of financial assistance;
(4) Provide for inspection at reasonable hours of
facilities, books, and records of a community-based organization that has
applied for or has been awarded financial assistance and require the submission
of progress and final reports;
(5) Provide loans and grants for community-based
economic development activities and community-based enterprises for purposes
consistent with this chapter;
(6) Determine the necessity for and the extent of
security required in a loan;
(7) Prescribe and provide appropriate management
counseling and monitoring of business activities;
(8) Administer the Hawaii community-based economic
development special fund;
(9) Include in its budget for subsequent fiscal
periods amounts necessary to effectuate the purposes of this chapter;
(10) Participate in loans made to qualified persons by
private lenders;
(11) Establish interest rates chargeable by the State
for direct and participation loans; and
(12) Adopt rules pursuant to chapter 91 to implement
this chapter.
[L 1990, c 111, pt of §2; am L 1996, c 192, §8; am L 2009, c 124,
§5; am L Sp 2021, c 9, §32]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/HRS0210D/HRS_0210D-0008.htmFetched: 11/10/2026