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Hawaii Revised Statutes Division 3. Property; Family § 514D-4

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) There is established in the state treasury the condominium loan revolving fund, into which shall be deposited:

(1) Moneys received as repayment of loans and interest payments as provided in this chapter;

(2) Appropriations made by the legislature to the condominium loan revolving fund;  and

(3) All interest and investment earnings credited to the assets of the fund.

(b) Moneys in the condominium loan revolving fund shall be expended by the authority for:

(1) The purposes of providing loans and credit enhancements in accordance with this chapter;  and

(2) Paying administrative costs of the condominium loan program.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 3. Property; Family § 514D-4 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-3-property-family/hi-rev-st-sect-514d-4/

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