§211G-19 - Adoption of rules, policies, procedures, and regulatory and administrative measures; enforceability of guarantees of corporation unaffected.

[§211G-19]  Adoption of rules, policies,
procedures, and regulatory and administrative measures; enforceability of
guarantees of corporation unaffected.  (a)  The corporation may adopt
rules, policies, procedures, and regulatory and administrative measures
necessary to administer the programs of the corporation or convenient for the
organizational and internal management of the corporation's and board's
responsibilities.

(b)  The level, timing, or degree of success of
the corporation in mobilizing or ensuring investment in Hawaii businesses or
projects shall not compromise, diminish, invalidate, or affect the
enforceability of any guarantee of the corporation. [L 2004, c 215, pt of §1]