Section 6-27-6 - Persons eligible for member home loansTo be eligible for a member home loan, the applicant shall be a retirant or an active member of the system with at least twelve continuous months of membership service immediately before certification by the system that the applicant is eligible for the loan, provided that:
(1) An active member whose appointment (employment) is for a fixed period of time or to a fixed date shall have had at least eighteen continuous months of membership service immediately before certification and, in addition, shall have at least six months remaining in the period of appointment. If the remaining period of appointment is less than six months, the system may waive the six month requirement upon presentation of written assurance of reappointment given by the appointing authority;(2) An active member on leave without pay shall not be eligible;(3) A member who has an outstanding member home loan shall not be eligible, except as otherwise provided in section 6-27-7;(4) A member shall not be eligible to apply for or obtain a loan for another person.[Eff 2/9/89] (Auth: HRS §§ 88-28, 88-119.5) (Imp: HRS § 88-119, 88-119.5)