Haw. Code R. § 15-38-9 - Maximum grant amount; disbursement

(a) Maximum grant amounts shall not exceed $300,000 or the average of the federal tax credit received for the prior three tax years, whichever is less
(b) For awards greater than $150,000, the grant amount shall be disbursed as payments based on milestones approved by the chief executive officer of the development corporation.

Notes

Haw. Code R. § 15-38-9
[Eff 8/17/2019] (Auth: HRS § 206M-3) (Imp: HRS § 206M-15.2)

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