[PARTII.]  REVENUE BONDS

 

§10-21  Definitions.  Whenever used inthis part:

"Office project" or"project" means:

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

(2)  Any capital improvement projects on lands held bythe office pursuant to section 10-4(2) or in the public land trust, includingbut 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 oron behalf of the office;

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

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

"Reserves" means reserves required orpermitted in the covenants in the resolution or resolutions of the boardauthorizing the obtaining of loans or issuance of revenue bonds under thispart.

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

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

(1)  General appropriations; and

(2)  Funds, the terms of which preclude their beingused for payment of the costs of construction or costs of maintenance of anoffice project or the payment of principal or interest of revenue bonds.

For purposes of the issuance of revenue bonds, theoffice of Hawaiian affairs or any office project or projects shall constitute apublic undertaking, improvement, or system. [L 1994, c 283, pt of §2(2); am L2009, c 146, §3]