[Code of Federal Regulations]
[Title 45, Volume 4]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 45CFR1336.64]

[Page 238]
 
                        TITLE 45--PUBLIC WELFARE
 
CHAPTER XIII--OFFICE OF HUMAN DEVELOPMENT SERVICES, DEPARTMENT OF HEALTH 
                           AND HUMAN SERVICES
 
PART 1336_NATIVE AMERICAN PROGRAMS--Table of Contents
 
   Subpart F_Native Hawaiian Revolving Loan Fund Demonstration Project
 
Sec.  1336.64  Development of goals and strategies: Responsibilities of the 

Loan Administrator.

    (a) Prior to the approval of any direct loan under the RLF, the Loan 
Administrator will develop and obtain the Commissioner's approval for a 
clear and comprehensive set of goals and strategies for the RLF. The 
goals will specify the results the Loan Administrator expects to 
accomplish from the Revolving Loan Fund, define the RLF's role and 
responsibilities for potential users, and serve as the basis for the 
development of an organizational strategy and operating plan. The RLF 
strategies will provide the Loan Administrator with a sound 
understanding of the economic and market conditions within the Native 
Hawaiian community.
    (b) The following factors shall be considered by the Loan 
Administrator in developing the RLF's goals:
    (1) Employment needs of the local population;
    (2) Characteristics of the local economic base;
    (3) Characteristics of the local capital base and the gaps in the 
local availability of business capital;
    (4) Local resources for economic development and their availability; 
and
    (5) Goals and strategies of other local organizations involved in 
economic development.
    (c) The loan fund strategies developed by the Revolving Loan Fund 
must include the following:
    (1) Business Targeting Strategy: to determine which types of 
businesses are to be targeted by the loan fund. The Loan Administrator 
will develop procedures to ensure that the loans made are directed to 
Native Hawaiians.
    (2) Financing Strategy: to determine the types of financing the loan 
fund will provide;
    (3) Business Assistance Strategy: to identify the possible or 
potential management problems of a borrower and develop a workable plan 
for providing borrowers with the needed management assistance;
    (4) Marketing Strategy: to generate applications from potential 
borrowers and to generate the support and participation of local 
financial institutions;
    (5) Capital Base Management Strategy: to develop and allocate the 
financial resources of the fund in the most effective possible way to 
meet the need or demand for financing; and
    (6) Accountability Strategy: to develop policies and mechanisms to 
hold borrowers accountable for providing the public benefits promised 
(e.g. jobs) in return for financing; to ensure that, until expenditure, 
loan proceeds are held by the borrower in secured, liquid financial 
instruments; to hold borrowers accountable for upholding the commitments 
made prior to the loan; and to develop the methods used by the RLF to 
enforce these commitments.