Section 15-307-244 - Regional infrastructure financing(a) Loan amounts shall not exceed the actual cost of the infrastructure project, including total construction contract price, architectural and engineering fees, interest on the loan, legal and accounting expenses, construction insurance and performance bond premiums, and other such related expenses and costs as are directly attributable to the development and construction of the regional infrastructure project; provided that in no event shall the loan amount exceed a percentage of the total value of the infrastructure project as determined by the corporation for such project.(b) Payments of regional infrastructure loans may include loan repayments, the value of credits or reservations for infrastructure capacity, and in-kind payments of improved real property; provided that the value of the credits or reservations, the appraised value of the improved property, and other loan payments, if applicable, shall not be less than the loan amount. Haw. Code R. § 15-307-244
[Eff 4/28/2017] (Auth: HRS § 201H-4, Act 132, SLH 2016) (Imp: Act 132, SLH 2016)[Am and comp 1/15/2022] (Auth: HRS §§ 201H-191.5) (Imp: § 201H-191.5)