Current through November, 2024
Section 4-8-45 - Borrower's responsibilitiesThe borrower or guarantor shall:
(1) Submit to the department an annual financial statement during the life of the loan and such interim statements and reports as may be requested by the department;(2) Comply with the term loan agreement, which may be amended from time to time with approval by the department and concurred by the authorized representative of the county of Hawaii;(3) Keep the department informed on any and all changes concerning security and other major changes in the operation;(4) Promptly provide information and documents to the department upon request; and(5) Repay loans made under the North Kohala loan and grant program in accordance with the terms of the promissory note.[Eff and comp 9/20/86] (Auth: SLH 1972, Act 197, §3) (Imp: SLH 1972, Act 197, §3)