There is established a Hawaii water infrastructure loan program, which shall be a loan program as defined under section 39-51. The program shall be administered by the department in a manner consistent with chapter 39, part III. This loan program may include:

1. (1) Loans made, on terms approved by the department, to:

   1. (A) Private entities, whether corporations, partnerships, limited liability companies, or other persons, which entities may lease or provide water infrastructure equipment to utility customers; and
   2. (B) Water utilities; and
2. (2) Direct loans to utility customers, on terms approved by the department.

[L 2016, c 171, pt of §1; am L 2017, c 133, §2]