Current through November, 2024
Section 15-320-21 - Loan application proceduresLoan applicants shall submit a written request that shall include, but is not limited to, the following information:
(1) Certification and documentation that the project meets eligibility criteria set forth in section 15-320-3, HAR;(2) Written request for the loan funds, including a description of the project's need for the loan funds;(3) Amount of loan funds requested;(4) Revised project budget, including a line-byline comparison with the project budget originally approved by the corporation and an explanation of any changes thereto;(5) Revised project sources and uses statement, including a comparison with the sources and uses statement originally approved by the corporation and an explanation of any changes thereto;(6) Detailed construction and funds expenditure timeline;(7) Financial updates based on the project's consolidated application exhibits; and(8) The $500 application fee. [Eff OCT 27 2011] (Auth; Act 158, SLH 2011; HRS § 201H-4) (Imp: Act 158, SLH 2011)