Haw. Rev. Stat. § 206M-75

Current through Chapter 253 of the 2024 Legislative Session

Section 206M-75 - Seed capital investments

Subject to this subpart, the development corporation may invest in:

(1) A certified development company under sections 501 to 503 of the Small Business Investment Act of 1958 (15 U.S.C. 695 to 697) and the regulations adopted under those sections;

(2) A small business investment company under the Small Business Investment Act (15 U.S.C. 631 to 634, 636 to 649) and the regulations adopted under those sections;

(3) A minority enterprise small business investment corporation or equivalent venture capital corporation;

(4) A similar entity that may leverage its capital under a federal program; or

(5) A seed capital fund or partnership.

HRS § 206M-75

Added by L 2019, c 56,§ 2, eff. 6/7/2019.