The authority may undertake redevelopment or public facility projects as it deems appropriate to effectuate the purposes of a community development district plan. The executive director may be authorized to expend moneys from the Hawaii community development authority revolving fund created by section 206E-16, HRS, or such other available funds for the purpose of preparing preliminary reports or studies in conjunction with the redevelopment or public facility projects.
Haw. Code R. § 15-21-2