Current through September 30, 2024
Section 1336.61 - Purpose of the Revolving Loan FundThe purpose of the Native Hawaiian Revolving Loan Fund is to provide funding not available from other sources on reasonable terms and conditions to:
(a) Promote economic activities which result in expanded opportunities for Native Hawaiians to increase their ownership of, employment in, or income from local economic enterprise;(b) Assist Native Hawaiians to overcome specific gaps in local capital markets and to encourage greater private-sector participation in local economic development activities; and(c) Increase capital formation and private-sector jobs for Native Hawaiians. (section 803A(a)(1)(A))