For a commitment of project funds, the corporation may require the applicant to enter into an agreement with the corporation, including a development agreement or regulatory agreement, evidencing the applicant's obligation to develop the project in a manner which will carry out the intent and purpose of the program. The corporation may require the applicant to prepare and maintain such records, including cost certifications, which evidence that project funds are being applied in a manner which meets the requirements of the program.
Additionally, the corporation may impose other restrictions which the corporation shall require as a condition for project funds.
Haw. Code R. § 15-164-27