(1) Continue to award administrative agency grants and subsidies pursuant to its enabling legislation;

(2) Establish sufficient descriptions, qualifications and standards for the office of Hawaiian affairs for awarding, disbursing, monitoring and evaluating administrative agency grants, subsidies, and board initiatives to organizations, businesses and individuals; and

(3) Exempt the office from the public procurement laws when grants, subsidies and board initiatives are awarded from income, revenues, and proceeds irrespective of its source or originating wholly from the pro rata portion of all funds derived from the public land trust.

(1) Manage, invest, and administer the proceeds from the sale or other disposition of lands, natural resources, minerals, and income derived from whatever sources for native Hawaiians and Hawaiians, including all moneys received by the office equivalent to that pro rata portion of the revenue derived from the public land trust referred to in section 10-2;

(2) Exercise control over real and personal property set aside to the office by the State of Hawaii, the United States of America, or any private sources, and transferred to the office for native Hawaiians and Hawaiians; provided that all of the properties acquired by the office shall be controlled and managed for the purposes of this chapter, subject to any limitations of the trust provisions established by article XII, sections 5 and 6, of the state Constitution;

(3) Collect, receive, deposit, withdraw, and invest money and property on behalf of the office;

(4) Formulate policy relating to the affairs of native Hawaiians and Hawaiians, provided that such policy shall not diminish or limit the benefits of native Hawaiians under article XII, section 4, of the state Constitution;

(5) Otherwise act as a trustee as provided by law;

(6) Delegate to the administrator, its officers and employees such powers and duties as may be proper for the performance of the powers and duties vested in the board;

(7) Provide grants to public or private agencies for pilot projects, demonstrations, or both, where those projects or demonstrations fulfill criteria established by the board;

(8) Make available technical and financial assistance and advisory services to any agency or private organization for native Hawaiian and Hawaiian programs, and for other functions pertinent to the purposes of the office of Hawaiian affairs. Financial assistance may be rendered through contractual arrangements as may be agreed upon by the board and any such agency or organization; [and]

(9) Adopt and use a common seal by which all official acts shall be authenticated[.]; and

(10) Procure goods, services, and construction, utilizing internal policies and procedures developed by the board and consistent with the goals of public accountability and public procurement practices, but not subject to chapter 103D. Where possible, the board is encouraged to follow the provisions of chapter 103D; provided that the use of one or more provisions of chapter 103D shall not constitute a waiver of the exemption of chapter 103D and shall not subject the board to any other provision of chapter 103D; and

(11) Enter into health and human services agreements without regard to chapter 103F when such agreements are made pursuant to this chapter."

(1) Solicited or entered into before July 1, 1994, unless the parties agree to its application to a contract solicited or entered into prior to July 1, 1994;

(2) To disburse funds, irrespective of their source:

(3) To procure goods, services, or construction from a governmental body other than the University of Hawaii bookstores, from the federal government, or from another state or its political subdivision;

(4) To procure the following goods or services which are available from multiple sources but for which procurement by competitive means is either not practicable or not advantageous to the State:

(5) Which are specific procurements expressly exempt from any or all of the requirements of this chapter by:

(1) Contracts to award grants or subsidies of state funds appropriated by the legislature to a specific organization or individual;

(2) Transactions between or among government agencies, including but not limited to agreements, contracts, and grants;

(3) Transactions expressly exempt from the requirements of this chapter; [and]

(4) Transactions that the chief procurement officer determines are exempt under rules adopted by the policy board[.]; and

(5) Contracts, grants, and financial assistance awarded by the office of Hawaiian affairs pursuant to chapter 10, including sections 10-4(4), 10-5(7) and 10-5(8)."