[§201H-105]  Advance commitments program. 
(a)  The corporation may contract with a mortgage lender for the advance
commitment to purchase eligible loans, eligible improvement loans, or eligible
project loans.



(b)  The contract may contain provisions as determined
by the corporation to be necessary or appropriate to provide security for its
bonds.  Notwithstanding any other law to the contrary, project loans may be
made available for housing projects on Hawaiian home lands pursuant to the
Hawaiian Homes Commission Act, 1920, as amended. [L 2006, c 180, pt of §4]