Section 15-34-4 - Grants; purpose; use of(a) The development corporation may provide grants in accordance with Act 67, Session Laws of Hawaii 2018.(b) Grants may be used by any recipient to purchase equipment or services, augment staff to add expertise required to expedite or enhance the quality of the program work, or prepare for subsequent program activities leading to commercialization of the technology.(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 up 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 Hawaii small business innovation research and small business technology transfer program pursuant to section 206M-15, HRS, or the manufacturing development program pursuant to section 206M-15.1, HRS.[Eff 3/11/2016] (Auth: Act 159, SLH 2015) (Imp: Act 159, SLH 2015)[Am and comp 2/3/2019] (Auth: Act 67, SLH 2018) (Imp: Act 67, SLH 2018)