Title 15 – Chapter 176 – Homebuyers’ Club Program

HAWAII
	ADMINISTRATIVE 	RULES
TITLE 	15
DEPARTMENT
	OF
	BUSINESS,
	ECONOMIC	
DEVELOPMENT,
AND
	TOURISM
SUBTITLE
	14
HOUSING	
AND 	COMMUNITY
	DEVELOPMENT
	CORPORATION
	OF
	HAWAII
CHAPTER
	176
HOMEBUYERS' 	CLUB	
PROGRAM
Subchapter
	1
	General
	Provisions
§15-176-1
§15-176-2
Purpose
Definitions
Subchapter
	2 	Homebuyers' 	Club
	Program
Purpose
	of
	program
Membership
	eligibility
Educational 	seminars
§15-176-11
§15-176-12
§15-176-13
§15-176-14
§15-176-15
§15-176-16
§15-176-17
Financial 	planning
	and
	credit
	counseling
Family
	or 	applicant 	financial
	statement
Savings 	program
§15-176-18
§15-176-19
§15-176-20
Integration
	with 	other
	governmental
programs
Contractual
	services
Fees
Funding
Historical	
Ro~e:	
Chapter 	15-176, 	Hawaii
Administrative 	Rules,
	is
	substantially
	based
	upon
chapter
	6-379, 	Hawaii
	Administrative 	Rules. 	[Eff
11/4/93;	
am	
6/8/98;	
R
OCT
2 5
1999	
]
176-1
2248
HAWAII ADMINI
S
T
RATIVE RULES
TITL
E
	15
DEPARTMENT OF 	BUSINESS, 	ECONOMIC DEVELOPMENT,AND 	TOURISM
SUBTITLE 14
HOUSING AND 	COMMUNITY 	DEVELOPMENT 	CORPORATION 	OF 	HAWAII
CHAPTER 176
HOMEBUYERS' 	CLUB PROGRAM
Subchapter	
1
	General 	Provisions
§15-176-1
§15-176-2 Purpose
Definitions
Subchapter	
2
	Homebuyers' 	Club Program
§15-176-11
§15-176-12
§15-176-13
§15-176-14
§15-176-15
§15-176-16
§15-176-17
Purpose of 	program
Membership eligibility
Educational 	seminars
Financial planning and 	credit 	counseling
Family or 	applicant 	financial 	statement
§15-176-18
§15-176-19
§15-176-20
Savings program
Integration with other governmental
programs
Contractual 	services
Fees
Funding
Historical Note: 	Chapter 	15-176, 	Hawaii
Administrative Rules, 	is substantially based 	upon
chapter 	6-379, 	Hawaii Administrative 	Rules. 	[Eff
1174793; 	am ss79a; 	n )CT 2 5 1999	
1
176-1
2248
HAWAII ADMINISTRATIVE RULES
TITL
E
	15
DEPARTMENT OF 	BUSINESS, 	ECONOMIC 	DEVELOPMENT,
AND TOURISM
SUBTITLE 	14
HOUSING AND 	COMMUNITY DEVELOPMENT CORPORATION OF 	HAWAII
CHAPTER 	176
HOMEBUYERS' 	CLUB PROGRAM
Subchapter	
1
	General 	Provisions
§15-176-1
§15-176-2
Purpose
Definitions
Subchapter
	2
	Homebuyers' 	Club Program
$15-176-11
§15-176-12
§15-176-13
§15-176-14
§15-176-15
§15-176-16
§15-176-17
Purpose of 	program
Membership eligibility
Educational 	seminars
Financial 	planning and 	credit counseling
Family or applicant 	financial 	statement
§15-176-18
§15-176-19
§15-176-20
Savings 	program
Integration with other governmental
programs
Contractual 	services
Fees
Funding
Historical Note: 	Chapter 	15-176, 	Hawaii
Administrative Rules, 	is substantially based 	upon
chapter 	6-379, 	Hawaii Administrative Rules. 	[Eff
1174793; 	am 	6e79a;	
n OCT 2 5 1999	
1
176-1
2248

§15-176-1
SUBCHAPTER 	1
GENERAL PROVISIONS
§15-176-1 	Purpose. 	These 	rules 	are 	adopted
pursuant 	to 	chapter 	91, 	Hawaii 	Revised 	Statutes
("HRS"), 	and 	implement 	the 	provisions 	of 	section
201G-351, 	HRS, 	providing 	for 	the 	~~a,b+,ip~ 	of 	a
"homebuyers' 	club program". 	[ Eff Ul, I l 	:> 	1::1::1::1 	)
(Auth: 	HRS 	§§201G-4, 	201G-351) 	(Imp: 	HRS 	§201G-351)
SlS-176-2 	Definitions. 	As 	used 	in 	this 	chapter:
"Assets" 	means 	total 	cash, 	securities, 	and 	real
and 	personal 	property 	less 	any 	outstanding 	liabilities
secured by 	the 	assets,
"Corporation" 	means 	the 	housing 	and 	community
development 	corporation 	of 	Hawaii 	established 	under
chapter 	201G, 	HRS.
"Gross 	family 	income" 	means 	the 	total 	amount 	of
income 	of 	a 	homebuyers' 	club member 	and 	the 	member's
spous~ 	:t,rom all 	sources 	before deductions.
[Eff uC I 	2 51999 	) 	(Auth: 	HRS 	§§201G-4, 	201G-351)
(Imp: 	HRS 	§201G-351)
SUBCHAPTER 	2
HOMEBUYERS' 	CLUB 	PROGRAM
§15-176-11 	Purpose 	of program. 	The 	purpose 	of
this 	program 	is 	to 	establish 	a 	"club" 	which 	shall 	bear
the 	name 	"Future 	Homebuyers' 	Club 	of 	Hawaii" 	that 	will
provide 	informational 	services 	to 	the 	inexperienced 	on
the 	process 	of 	purchasing a 	home; 	assisting 	the
participants 	in 	resolving 	credit 	problems; 	and
establishing 	a 	savings 	program 	for 	downpayment 	costs,
closing 	costs, 	and 	other 	related 	costs 	in 	the 	purchase
of 	a 	home. 	[Eff OCT 2 5 19QQ 	) 	(Auth: 	HRS 	§§20'1G-4,
201G-351) 	(Imp: 	HRS 	§201G-~~1)
SlS-176-12 	Membership 	eligibility. 	Enrollment 	by
application 	shall 	be 	open 	to 	any 	resident 	of 	the 	State
of 	Haw<l;ii 	who:
176-2
2248
$15-176-1
SUBCHAPTER 1
GENERAL PROVISIONS
$15-176-1 	Purpose. 	These rules 	are 	adopted
pursuant to 	chapter 91, 	Hawaii Revised 	Statutes
("HRS"), 	and implement the provisions of 	section
201G-351, 	HRS, 	providing 	for the Salish 	of 	a
"homebuyers' 	club program". 	[Eff UUI 	Z 5 	1YYY 	)
(Auth: 	HRS 	§S201G-4, 	201G-351) 	(Imp: 	HRS 	§201G-351)
$15-176-2 	Definitions. 	As 	used 	i n 	this 	chapter:
"Assets" 	means total 	cash, 	securities, 	and real
and personal property 	less any outstanding 	liabilities
secured by 	th e 	assets.
"Corporation" means the housing and community
development corporation of 	Hawaii established under
chapter 201G, 	HRS.
"Gross 	family 	income" means 	the total amount 	of
income of a 	homebuyers' 	club member 	and the member's
spous,tom _all 	sources before deductions.
ca£r OC
T	
2
51999
	)	
cauth
:
	aRs 	ss201G-4, 	201G-351)
(Imp: 	HRS 	§201G-351)
SUBCHAPTER 2
HOMEBUYERS' 	CLUB PROGRAM
§15-176-11 	Purpose of program. 	The purpose of
this program is to establish a 	"club" 	which 	shall 	bear
the name 	"Future Homebuyers' 	Club of Hawaii" 	that will
provide 	informational services to the 	inexperienced on
the process 	of 	purchasing a 	home; 	assisting the
participants 	in resolving credit problems; 	and
establishing a 	savings program 	for downpayment 	costs,
closing costs, 	and other 	related costs in 	the purchase
of 	a 	home. 	[Eff 	)CT 2 5 1999 	) 	(Auth: 	HRS 	S6201G-4,
201G-351) 	(Imp: 	HRS 	$201d-351)
§15-176-12 	Membership eligibility. 	Enrollment by
application shall be open 	to 	any resident of 	the 	State
of 	Hawaii 	who:
176-2
2 2 4 8
$15-176-1
SUBCHAPTER 1
GENERAL 	PROVISIONS
$15-176-1 	Purpose. 	These 	rules are 	adopted
pursuant to chapter 91, 	Hawaii Revised 	Statutes
("HRS"), 	and implement the provisions of 	section
201G-351, 	HRS, 	providing 	for the SA9Pl,ish 	of 	a
"homebuyers' 	club program". 	[Eff UU I 	Z 5 	1YYY 	)
(Auth: 	HRS 	SS201G-4, 	201G-351) 	(Imp: 	HRS 	§201G-351)
$15-176-2 	Definitions. 	As 	used 	in this 	chapter:
"Assets" 	means 	total cash, 	securities, 	and real
and personal property 	less any outstanding 	liabilities
secured by 	the assets.
"Corporation" 	means the housing and community
development 	corporation of Hawaii 	established under
chapter 201G, 	HRS.
"Gross 	family income" means 	the total 	amount of
income of a 	homebuyers' 	club member 	and the member's
2°2"j0'F° -a1! .sources before deductions.
E±s
O	
C
T	
2 5
1999	
1
	(
a uth:
	H
Rs 	ss2oic-4, 	201c-351)
(Imp: 	HRS 	§201G-351)
SUBCHAPTER 2
HOMEBUYERS' CLUB PROGRAM
§15-176-11 	Purpose of program. 	The purpose of
this program 	is to establish a 	"club" which shall 	bear
the name 	"Future Homebuyers' 	Club of Hawaii" 	that will
provide 	informational 	services to the 	inexperienced on
the 	process 	of purchasing a 	home; 	assisting the
participants 	in resolving credit problems; 	and
establishing a 	savings program 	for downpayment 	costs,
closing costs, 	and other related costs in the purchase
of 	a 	home. 	[Eff 	)CT 2 5 1999 	) 	(Auth: 	HRS S62O1G-4,
201G-351) 	(Imp: 	HRS 	5zo1d-351)
§15-176-12 	Membership eligibility. 	Enrollment 	by
application shall be open to any resident of 	the 	State
of 	Hawaii who:
176-2
2 2 4 8

§15-176-15
(1) 	Is 	at 	least 	eighteen 	years 	of 	age;
(2) 	Has 	a 	gross 	family 	income 	which 	is 	sufficient
to 	qualify 	for 	a 	mortgage 	loan; 	and
(3) 	Is 	unaware 	of 	the 	process 	and 	financial
constraints 	or 	obligations 	in 	purchasing 	a
home 	without 	assistance 	of 	the 	program.
[ Eff ncr 2 5 1999 	) (Auth: 	HRS 	§§2 0 lG-4,
201G-351) 	(Imp: 	HRS 	§201G-351)
§15-176-13 	Educational 	seminars. 	Subjects
covered 	shall 	include 	but 	shall 	not 	be 	limited 	to 	the
following:
(1) 	Strategies 	on 	saving money;
(2) 	Identifying 	availability 	and 	use 	of
( 3)
(4)
(5)
( 6 )
( 7)
( 8 )
downpayment 	savings 	plan;
Developing 	financial 	plans;
Budgeting practices;
Description 	of 	available 	mortgage 	loans;
Understanding the 	process 	of 	escrow;
Understanding 	land 	titles; 	and
Who 	to 	see 	and wk~t 	to 	do 	when 	ready 	to
purchase. 	[Eff ULiT 2 5 199a 	1 (Auth: 	HRS
§§201G-4, 	201G-351) 	(Imp: 	~RS 	§201G-351)
§15-176-14 	Financial 	planning 	and 	credit
counseling. 	(a) 	Consultant 	interviews 	with 	a 	counselor
or 	financial 	planner 	shall 	be 	made 	available 	on 	an
individual 	or 	family 	basis 	to 	provide 	credit 	analysis,
projections, 	and 	suggestions.
(b) 	A maximum of 	one 	hour 	per 	month 	per 	applicant
family 	shall 	be made 	available. 	Consumer 	credit
counseling 	to 	resolve 	negative 	credit 	history 	will 	be
made 	available 	by 	appointment. 	[ Eff OCT 2 5 1QQQ 	l
(Auth: 	HRS 	§§201G-4, 	201G-351) 	(Imp: 	HRS 	§~~~~-351)
§15-176-15 	Family 	or 	applicant 	financial
statement. 	(a) 	Prior 	to 	receiving 	counseling, 	the
applicant 	shall 	submit 	an 	updated 	financial 	statement.
(b) 	The 	financial 	statement 	shall 	include 	a
list.i.;,g.f:t;... il,S§~,t;nincome, 	expenses, 	and 	a 	budget 	plan.
[Eff UI., 	l 	~ 	l~~.::L 	J 	(Auth: 	HRS 	§§201G-4, 	201G-351)
(Imp: 	HRS 	§201G-351)
176-3
2248
$15-176-15
(1) 	Is at least eighteen years of age;
(2 ) 	Has a 	gross family income which 	is sufficient
to qualify for a 	mortgage 	loan; 	and
( 3 )	
Is unaware of the process 	and 	financial
constraints or obligations 	in purchasing
	a
home without assistance of the program.
(gr± QCT
2 5
	1999	
1
	(Auth
:
	HR
s
	ss2oic-4,
2o1cis1') 	"(Imp: 	"HRS 	§201G-351)
§15-176-13 	Educational 	seminars. 	Subjects
covered 	shall include but 	shall not be 	limited t o 	the
following:
(l ) 	Strategies on saving money;
(2 ) 	Identifying availability and us e 	of
( 3 )
( 4 )
( 5 )
( 6 )
( 7 )
( 8 )
downpayment 	savings plan;
Developing 	financial plans;
Budgeting practices;
Description of available mortgage 	loans;
Understanding the process of escrow;
Understanding land titles; 	and
Who to 	see and wAa, _tg do 	when ready to
purchase . 	_[Fff JCT 2 5 199 9 	1 	(Auth: 	HRS
$S201G-4, 	201G-351) 	(Imp: 	"#RS 	$201G-351)
§15-176-14 	Financial planning and credit
counseling. 	(a) 	Consultant 	interviews with a 	counselor
or 	financial planner shall be made 	available on an
individual or family basis to provide 	credit analysis,
projections, 	and suggestions.
(b ) 	A 	maximum 	of one 	hour per month per applicant
family shall be made 	available. 	Consumer credit
counseling to resolve negative credit history will be
made 	available by appointment. 	[ E f f OCT 25 .1999 	1
(Auth: 	HRS SS201G-4, 	201G-351) 	(Imp: 	HRS"SzI2-351)
§15-176-15 	Family or applicant 	financial
statement. 	(a) 	Prior to receiving counseling, the
applicant shall submit an updated 	financial statement.
(b ) 	The 	financial statement shall include a
1isE161 2 2°igg9 �°me, 	expenses, _and a 	budget Plan.
[ E ff UUi 	Z 5 	1YYY. 	) 	(Auth : 	HRS 	SS201G-4 , 	201G-351)
(Imp: 	HRS 	§201G-351)
176-3
2 2 4 8
$15-176-15
(1) 	Is at least eighteen years 	of age;
(2) 	Has 	a 	gross family income which 	is sufficient
to qualify 	for a 	mortgage 	loan; 	and
(3) 	Is unaware of the process 	and 	financial
constraints or obligations in purchasing a
home without assistance of the program.
(gr± QCT
2 5
	1999	
1	
(Au
±
h
:
	HR
s
	ss2oic-4,
2o1cis1') 	"(Imp: 	"HRS 	§201G-351)
§15-176-13 	Educational 	seminars. 	Subjects
covered shall include but 	shall not be 	limited 	to the
following:
(l) 	Strategies on saving money;
(2) 	Identifying availability and us e 	of
( 3 )
(4 )
( 5 )
(6 )
(
7
)
( 8 )
downpayment savings plan;
Developing 	financial plans;
Budgeting practices;
Description of available mortgage 	loans;
Understanding the process of escrow;
Understanding 	land titles; 	and
Who to see and wAaE, _tg do when 	ready to
purchase. 	_[Fff JCT 2 5 	199 9 	1 	(Auch: 	HRS
$S201G-4, 	201G-351) 	(Imp: 	"#RS 	$201G-351)
§15-176-14 	Financial planning and credit
counseling. 	(a) 	Consultant 	interviews with 	a 	counselor
or 	financial planner 	shall be made 	available on 	an
individual or 	family basis to provide 	credit analysis,
projections, 	and suggestions.
(b ) 	A 	maximum 	of one 	hour per month 	per applicant
family 	shall be made available. 	Consumer credit
counseling to resolve negative credit history will 	be
made 	available by appointment. 	[ E f f OCT 25 .1999 	1
(Auth: 	HRS SS201G-4, 	201G-351) 	(Imp: 	HRS"SzI2-351)
§15-176-15 	Family or 	applicant 	financial
statement. 	(a) 	Prior to receiving counseling, the
applicant shall submit an updated financial 	statement.
(b) 	The 	financial statement shall include a
1isE161 2 2"igg9 �°me, 	expenses, _and a 	budget Plan.
[ E ff UUi 	Z 5 	1YYY. 	] 	(Auth: 	HRS 	SS201G-4, 	201G-351)
(Imp: 	HRS 	§201G-351)
176-3
2 2 4 8

§15-176-16
§15-176-16 	Savings program. 	There 	shall 	be
available, 	at 	the 	option 	of 	the 	participant, 	a 	program
to 	instill 	a 	savings 	incentive 	by providing 	a 	sound
budgetary plan. 	The 	program 	shall 	be 	strictly 	optional
and 	shall 	be 	establ~Wed with 	a 	financial 	savings
institution. 	[Eff Ut;T 2 5J'00Q 	J (Auth: 	HRS
§§201G-4, 	201G-351) 	(Imp: 	tt~~201G-351)
§15-176-17 	Integration 	with 	other 	governmental
programs. 	Wherever 	possible, 	the 	program 	shall 	be
integrated 	with 	other 	governmental 	programs, 	including,
but 	not 	limited 	to:
(1) 	The 	state 	mortgage 	guarantee 	program
established 	under 	section 	201G-311, 	HRS;
(2) 	The 	downpayment 	loan 	program, 	established
under 	section 	201G-321, 	HRS;
(3) 	The 	rent-to-own 	program, 	established 	under
section 	201G-361; 	and
(4) 	Any other 	program designed 	to 	assist 	the
_participants 	of 	this 	program.
[Eff uCT 2 5 1999 	l 	(Auth: 	HRS 	§§201G-4,
201G-351) 	(Imp: 	HRS 	§201G-351)
§15-176-18 	Contractual 	services. 	The 	corporation
may 	secure 	the 	services 	of 	another 	public 	or 	private
enti~Ctp
2
c~rrx, out 	the 	purposes 	of 	this 	program.
[Eff UI 	I 	a 1~99 	J 	(Auth: 	HRS 	§§201G-4, 	201G-351)
(Imp: 	HRS 	§201G-351)
§15-176-19 	Fees. 	Fees, 	material 	costs, 	and
out-of-pocket 	expenses 	shall 	be 	levied 	against 	the
participant 	prW~fo 	dis~ensing 	said material 	or
service. 	[Eff Uli 	2 5 1~99 	J 	(Auth: 	HRS 	§§201G-4,
201G-351) 	( Imp: 	HRS 	§201G-351)
§15-176-20 	Funding. 	This 	program may 	be 	made
available ;eending availability 	of 	funds.
[Eff 	OCT l 	!; 1Q09 	] 	(Auth: 	HRS 	§§201G-4, 	201G-351)
(Imp: 	HRS 	t2dr~-351)
176-4
2248
§15-176-16
§15-176-16 	Savings pr o gram. 	There 	shall be
available, 	at the option of the participant, 	a 	program
to 	instill a 	savings incentive by providing a 	sound
budgetary 	plan. 	T he program 	shall be 	strictly 	optional
and 	shall be establised 	with 	a 	financial 	savings
institution. 	_IE5* OCT 25 1999 	� 	(Aush: 	ams
SS201G-4, 	201G-351) 	(Imp: 	HK©'$201G-351)
§15-176-17 	Integration with other governmental
programs. 	Wherever possible, 	the program 	shall be
integrated with other governmental programs, 	including,
but 	not 	limited to:
(1) 	The state mortgage 	guarantee program
established under section 201G-311, 	HRS;
(2) 	The downpayment 	loan program, 	established
under 	section 201G-321, 	HRS;
(3) 	The rent-to-own program, 	established under
section 201G-361; 	and
( 4 ) 	Any other program designed to assist the
F3EFiFi P ?NFS 	of this _program.
(srf )CT 2 51999 	) 	(auth: 	Ass 	ss2o1c-4,
201G-351) 	(Imp: 	HRS §201G-351)
§15-176-18 	Contractual 	services. 	The 	corporation
may 	secure the 	services of another public or private
"
t
i8
c
1 268a8
� 	�
e 	P
y
r
e°ses or this
,P
r
?952
(Eft )CT 	!5 1 9 99 	1 	(Auth: 	HRs 	ss2oiG-4 	2o1G-351)
( Imp: 	HRS §201G-351)
§15-176-19 	Fees. 	Fees, 	material 	costs, 	and
out-of-pocket expenses shall be 	levied against the
participant pr,W�f o 	dis�ensing 	said material 	or
service. 	(Elf)CT 	25 1999 	}(Auth: 	HRS SS201G-4,
201G-351) 	(Imp: 	HRS §201G-351)
§15-176-20 	Funding. 	This program may be made
available pending avai lability of 	funds.
gr± 0CT 2 5,
1999,	
_1.
	<usn: 	iss 	sszo1a-«, 	201a-351
)
(Imp: 	HRs" 	$2dY2351)
176-4
2248
§15-176-1 6
§15-176-16 	Savings pr o gram. 	There 	shall be
available, 	at the option of the participant, 	a 	program
to 	instill a 	savings incentive by providing 	a 	sound
budgetary plan. 	The program 	shall be 	strictly 	optional
and shall be 	establi shed with 	a 	financial savings
institution. 	_IE5F UCT 2 5 1999. 	� 	(Aush: 	uss
SS201G-4, 	201G-351) 	(Imp: 	HK'$201G-3 51)
§15-176-17 	Integration with 	other governmental
programs. 	Wherever possible, 	the program 	shall be
i ntegrated with other governmental programs, 	including,
but 	not 	limited to:
(1 ) 	The 	state mortgage 	guarantee program
established under section 	201G-311, 	HRS;
(2) 	The downpayment 	loan program, 	established
under section 201G-321, 	HRS;
(3) 	The rent-to-own program, 	established under
section 	201G-361; 	and
( 4 ) 	Any other program designed to assist the
F3IFiC'PANES 	of this _program.
(ssf )CT 2 51999 	) 	(auth: 	Ass 	ss2oic-4,
201G-351) 	(Imp: 	HRS §201G-351)
§15-176-18 	Contractual 	services. 	The 	corporation
may 	secure the 	services of another public or private
°""ldc1 25'H8
a	
8" e_
P
y r
e#es
o
r	
this Pr°232-
(Ef r )CT 	!5 1999 	� 	(Auth: 	Hs 	ss2oiG-4 , 	2o1G-351)
(Imp: 	HRS §201G-351)
§15-176-19 	Fees. 	Fees, 	material costs, 	and
out-of-pocket expenses shall be 	levied against the
participant pri?K .I a 	dispensing 	said material 	or
service. 	(EtfJCT 	25 1999 	}(Auth: 	HRS SS201G-4,
201G-351) 	(Imp: 	HRS §201G-351)
§15-176-20 	Funding. 	This program may be made
available pending availability 	of funds.
g
r ±	
0CT 2 5,1999,	
_1	
«usa: 	iss 	sszo1a-«, 	2016-351
)
(Imp: 	Hks" 	$2dY&"351)
176-4
2248

DEPARTMENT OF BUS
I
NESS, 	ECONOM
I
C
	DEVELOPMENT,
AND 	TOURISM
The repeal 	of 	chapter 6-379 and the 	adoption 	of 	chapter
15-176, 	Hawaii Administrative Rules,
	o
n
	the 	Summary Page
dated August 	27, 	1999
,
	was 	adopted on August 	27, 	1999,
following public 	hearings held on Maui 	on July 	15
,	
1999,
Hilo on July 	16, 	1999, 	Oahu 	on July 	19, 	1999, 	and 	Kauai on
July 	20, 	1999, 	after public 	notice was 	given 	in 	the Midweek
newspaper on 	June 	7, 	1999.
The 	repeal and adoption 	shall take 	effect 	ten 	days 	after
filing with the 	Office of 	the 	nant 	Governor.
D 	K.W. 	LAU
utive Director
o
	using and 	Community Development
Co
	r
poration of 	Hawaii
SEIJI 	F.
Director
Department
Development, Business, 	Economic
and Tourism
APPROVED AS 	TO FORM: 	NEAL H. 	IIRA
ca*	�
K 	APPROVED:
s 	: 	see*-	� 8 	Gover
5 � state of 	Hawaii
� 	pated: 	/0-7/-77
OCT
	1 	5 	1999
Filed
2248