§207-4  Contract with lending institution. The director of finance may, and as far as practicable shall, contract withlending institutions for the processing of applications for loans of statefunds and the servicing of these loans.  The servicing shall be performed onlyby the lending institution which makes the loan for the principal cost ofconstruction.  In furtherance of the purposes of this part the contract mayprovide for the loan of state funds to be repaid after the funds of the lendinginstitution are repaid in full and for payment to lending institutions forservicing the State's portion of the total loan and may include other termsdeemed appropriate by the director of finance. [L 1961, c 194, §5; am L 1963, c114, §1; Supp, §98L-5; HRS §207-4]