§201G-195 Advance commitments program. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) The corporation may contract with a mortgage lender for the advance commitment to purchase eligible loans, eligible improvement loans, or eligible project loans.

(b) The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its bonds. Notwithstanding any other law to the contrary, project loans may be made available for housing projects on Hawaiian home lands pursuant to the Hawaiian Homes Commission Act, 1920, as amended. [L 1997, c 350, pt of §2; am L 2000, c 77, §1]

§201G-195 Advance commitments program. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) The administration may contract with a mortgage lender for the advance commitment to purchase eligible loans, eligible improvement loans, or eligible project loans.

(b) The contract may contain provisions as determined by the administration to be necessary or appropriate to provide security for its bonds. Notwithstanding any other law to the contrary, project loans may be made available for housing projects on Hawaiian home lands pursuant to the Hawaiian Homes Commission Act, 1920, as amended. [L 1997, c 350, pt of §2; am L 2000, c 77, §1; am L 2005, c 196, §26(a)]