§210D-8  Powers and duties.  The
department shall have the necessary powers to carry out the purposes of this
chapter, including the following:



(1)  With advice from the council, prescribe the
qualifications for eligibility of applicants for loans and grants;



(2)  With advice from the council, establish
preferences and priorities in determining eligibility for financial assistance;



(3)  Establish the conditions, consistent with the
purpose of this chapter, for the awarding of financial assistance;



(4)  Provide for inspection at reasonable hours of
facilities, books, and records of a community-based organization that has
applied for or has been awarded financial assistance and require the submission
of progress and final reports;



(5)  Provide loans and grants for community-based
economic development activities and community-based enterprises for purposes
consistent with this chapter;



(6)  Determine the necessity for and the extent of
security required in a loan;



(7)  Prescribe and provide appropriate management
counseling and monitoring of business activities;



(8)  Administer the Hawaii community-based economic
development revolving fund;



(9)  Include in its budget for subsequent fiscal
periods amounts necessary to effectuate the purposes of this chapter;



(10)  Participate in loans made to qualified persons by
private lenders;



(11)  Establish interest rates chargeable by the State
for direct and participation loans; and



(12)  Adopt rules pursuant to chapter 91 to implement
this chapter. [L 1990, c 111, pt of §2; am L 1996, c 192, §8; am L 2009, c 124,
§5]