Hawaii Administrative Rules
Title 17 - DEPARTMENT OF HUMAN SERVICES
Department of Human Services
Chapter 675 - ASSETS
Subchapter 5 - ASSETS TO BE CONSIDERED
Section 17-675-37 - Determining equity in any business for the financial assistance programs
Universal Citation: HI Admin Rules 17-675-37
Current through August, 2024
(a) Equity in a business shall be determined by subtracting current liabilities from the current book value of the assets.
(b) The department shall exempt the following assets essential to the production of goods or services in determining equity in a business:
(1) Stock
and inventory;
(2) Tools and
equipment; and
(3) Motor vehicles
required for use in the business.
(c) The applicant or recipient shall be responsible for submitting the applicant's or recipient's information to the department.
(d) Failure on the part of the applicant or recipient to provide information to determine the interest in a business shall disqualify the individual from receiving financial assistance.
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