[PART
II.]  REVENUE BONDS



 



§10-21  Definitions.  Whenever used in
this part:



"Office project" or
"project" means:



(1)  The lawful acquisition of any property, real,
personal, or mixed, tangible or intangible, or any interests therein, pursuant
to section 10-4(2);



(2)  Any capital improvement projects on lands held by
the office pursuant to section 10-4(2) or in the public land trust, including
but not limited to the construction of buildings and other improvements;
infrastructure development, and other enterprises which are acquired,
constructed, reconstructed, rehabilitated, improved, altered, or repaired by or
on behalf of the office;



(3)  Pilot projects, demonstrations, or both, where
those projects or demonstrations fulfill criteria established by the board,
pursuant to section 10-5(7); and



(4)  Any other projects determined by rules adopted by
the board pursuant to chapter 91 to be for the betterment of native Hawaiians
and are consistent with the purposes of this chapter.



"Reserves" means reserves required or
permitted in the covenants in the resolution or resolutions of the board
authorizing the obtaining of loans or issuance of revenue bonds under this
part.



"Revenue bonds" means revenue bonds,
interim certificates, notes, debentures, or other evidence of indebtedness of
the board authorized by or issued under this part.



"Revenues of the office" or
"office's revenue" means all rates, rentals, fees and charges, and
user taxes, received by the office of Hawaiian affairs, and all money and
revenue derived from the operations of the office of Hawaiian affairs, other
than:



(1)  General appropriations; and



(2)  Funds, the terms of which preclude their being
used for payment of the costs of construction or costs of maintenance of an
office project or the payment of principal or interest of revenue bonds.



For purposes of the issuance of revenue bonds, the
office of Hawaiian affairs or any office project or projects shall constitute a
public undertaking, improvement, or system. [L 1994, c 283, pt of §2(2); am L
2009, c 146, §3]