45 C.F.R. § 1336.61   Purpose of the Revolving Loan Fund.


Title 45 - Public Welfare


Title 45: Public Welfare
PART 1336—NATIVE AMERICAN PROGRAMS
Subpart F—Native Hawaiian Revolving Loan Fund Demonstration Project

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§ 1336.61   Purpose of the Revolving Loan Fund.

The purpose of the Native Hawaiian Revolving Loan Fund is to provide funding not available from other sources on reasonable terms and conditions to:

(a) Promote economic activities which result in expanded opportunities for Native Hawaiians to increase their ownership of, employment in, or income from local economic enterprise;

(b) Assist Native Hawaiians to overcome specific gaps in local capital markets and to encourage greater private-sector participation in local economic development activities; and

(c) Increase capital formation and private-sector jobs for Native Hawaiians. (section 803A(a)(1)(A))

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