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

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