Hawaii Revised Statutes 210D-4 – Hawaii community-based economic development special fund; established
Terms Used In Hawaii Revised Statutes 210D-4
- Community-based economic development: means a community institution-building process that results in community-based enterprises and other economic development activities which are designed and implemented by a community; consistent with a community's values, culture, and vision; and intended to increase community control over local resources and decision-making processes. See Hawaii Revised Statutes 210D-2
- Department: means the department of business, economic development, and tourism. See Hawaii Revised Statutes 210D-2
There is established a special fund to be known as the Hawaii community-based economic development special fund from which moneys shall be loaned or granted by the department under this chapter. All moneys appropriated to the fund by the legislature, received as repayments of loans, payments of interest or fees, and all other moneys received by the fund from any other source shall be deposited into the special fund and used for the purposes of this chapter. The department may deposit moneys it receives from the repayments of loans and payments of interest or fees from the Hawaii capital loan program established by chapter 210, the Hawaii large fishing vessel purchase, construction, renovation, maintenance, and repair loan program established by part II of chapter 189, and the Hawaii small fishing vessel loan program established by part IV of chapter 189, into the Hawaii community-based economic development special fund to be used for the purposes of this chapter. The department may use all appropriations and other moneys in the special fund not appropriated for a designated purpose to make grants or loans.