§48-1  Definitions.  As used in thischapter:

"Department" means the department ofbusiness, economic development, and tourism.

"Economic development bond" means anygeneral or revenue bond issued by any political subdivision of the State forthe purpose of financing the purchase or lease of land; the purchase orconstruction, including reconstruction, improvement, expansion, extension, andenlargement, of buildings and appurtenances; and the purchase and installationof machinery, equipment, or fixtures, when the purchases or leases are madeprimarily for sale or continuing lease to a private individual, partnership, orcorporation 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 apolitical subdivision of the State.

"Political subdivision" means acounty or other political subdivision created by the legislature pursuant toArticle 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); amL 1987, c 336, §7; am L 1990, c 293, §8]

 

Cross References

 

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