Section 15-32-4 - Grants; purpose; use of(a) The development corporation may provide grants in accordance with section 206M-15, HRS.(b) Grants may be used by any recipient for any of the following purposes: (1) To purchase equipment or services, augment staff to add expertise required to expedite or enhance the quality of the SBIR or STTR program work, prepare an SBIR or STTR program proposal, or prepare for subsequent SBIR or STTR program activities;(2) To establish financial responsibility and to undertake the approved SBIR or STTR program work while awaiting funding from the federal agency granting the SBIR or STTR award; or(3) To serve as a "bridge" to permit the recipient to continue its operations during the time period between the completion of the SBIR or STTR award submission and receipt of subsequent SBIR or STTR award funds.(c) Grants shall not be used by any recipient for any of the following purposes: (1) Where the direct or indirect purpose or result of the grant would be to: (A) Repay a creditor or creditors of the recipient for any reason; or(B) Provide funds directly or indirectly as a loan to owners, partners, or shareholders of the recipient;(2) Effect a change in ownership of the recipient;(3) Provide or free funds for acquisition of any kind of real property;(4) Entertainment or lobbying activities; or(5) Payment for goods or services for which moneys were granted under the manufacturing development program pursuant to section 206M-15.1, HRS, or the alternative energy research and development program pursuant to Act 67, Session Laws of Hawaii 2018. [Eff. DEC 21 1989] (Auth: HRS secs. 91-2, 206M-15) (Imp: HRS secs. 91-2, 206M-15)Am and comp 12/13/12; am and comp 3/11/2016