Haw. Code R. § 15-307-242

Current through November, 2024
Section 15-307-242 - Regional infrastructure subaccounts; generally
(a) Upon request of a county government, the corporation may establish a regional infrastructure subaccount within the dwelling unit revolving fund for that county pursuant to the requirements of § 201H-191.5. Each county subaccount so established may be used to provide grants and loans to state agencies., or loans to counties or private developers, to cover eligible costs of regional infrastructure improvements within that specific county.
(b) Regional infrastructure subaccount funds may be utilized for the planning, design, feasibility studies, construction, and materials for infrastructure improvements that would increase the capacity of the Infrastructure facilities, including regional sewer systems, water systems, drainage systems, roads, and telecommunications and broadband. The corporation may also use subaccount funds to repay private investors for their investment plus any interest accrued on their investments made into the subaccounts to finance, in whole or in part, infrastructure improvements that would increase the capacity of said infrastructure facilities.
(c) The corporation may, from time to time and at its sole discretion, determine that there are sufficient funds available in the dwelling unit revolving fund to transfer to regional infrastructure subaccounts for the purpose of making regional infrastructure -grants and loans to State departments and agencies, or regional infrastructure loans to county departments and agencies and private entities.
(d) The corporation may assess fees, including application, origination and servicing fees, as prescribed by the exhibit at the end of this chapter entitled "Fees", dated ________________ to cover the administrative expenses of originating and managing the subaccounts. The fees shall be deposited into the dwelling unit revolving fund.

Haw. Code R. § 15-307-242

[Eff 4/28/2017] (Auth: HRS § 201H-4, Act 132, SLH 2016) (Imp: HRS § 201H-4, Act 132, SLH 2016)
[Am and comp 1/15/2022] (Auth: HRS §§ 201H-191.5) (Imp: HRS §§ 201H-191.5)