§48-1  Definitions.  As used in this
chapter:



"Department" means the department of
business, economic development, and tourism.



"Economic development bond" means any
general or revenue bond issued by any political subdivision of the State for
the purpose of financing the purchase or lease of land; the purchase or
construction, including reconstruction, improvement, expansion, extension, and
enlargement, of buildings and appurtenances; and the purchase and installation
of machinery, equipment, or fixtures, when the purchases or leases are made
primarily for sale or continuing lease to a private individual, partnership, or
corporation for use in connection with the development of an agricultural,
industrial, commercial, or hotel enterprise.



"Governing body" means the body,
council, or board charged with exercising the legislative authority of a
political subdivision of the State.



"Political subdivision" means a
county or other political subdivision created by the legislature pursuant to
Article VIII, section 1, of the Constitution of the State. [L 1964, c 58, pt of
§2; Supp, §140A-2; am L 1957, c 227, §2; HRS §48-1; am L 1974, c 254, §1(2); am
L 1987, c 336, §7; am L 1990, c 293, §8]



 



Cross References



 



  Purchase by state director of finance, see §36-23.