§206M-2  Establishment of the hightechnology development corporation; purpose.  (a)  There is established thehigh technology development corporation, which shall be a public body corporateand politic and an instrumentality and agency of the State.  The developmentcorporation shall be placed within the department of business, economicdevelopment, and tourism for administrative purposes, pursuant to section26-35.  The purpose of the development corporation shall be to facilitate thegrowth and development of the commercial high technology industry in Hawaii. Its duties shall include, but not be limited to:

(1)  Developing and encouraging industrial parks ashigh technology innovation centers and developing or assisting with thedevelopment of projects within or outside of industrial parks, includingparticipating with the private sector in such development;

(2)  Providing financial and other support andservices to Hawaii-based high technology companies;

(3)  Collecting and analyzing information on the stateof commercial high technology activity in Hawaii;

(4)  Promoting and marketing Hawaii as a site forcommercial high technology activity; and

(5)  Providing advice on policy and planning fortechnology-based economic development.

(b)  The governing body of the developmentcorporation shall consist of a board of directors having eleven votingmembers.  Seven of the members shall be appointed by the governor for staggeredterms pursuant to section 26-34.  Six of the appointed members shall be fromthe general public and selected on the basis of their knowledge, interest, andproven expertise in, but not limited to, one or more of the following fields: finance, commerce and trade, corporate management, marketing, economics,engineering, and telecommunications, and other high technology fields.  Theother appointed member shall be selected from the faculty of the University ofHawaii.  All appointed members of the board shall continue in office untiltheir respective successors have been appointed.  The director of business,economic development, and tourism, the director of finance, an appointed memberfrom the board of the Hawaii strategic development corporation, and anappointed member from the board of the natural energy laboratory of Hawaiiauthority, or their designated representatives, shall serve as ex officiovoting members of the board.  The director of business, economic development,and tourism shall serve as the chairperson until such time as a chairperson iselected by the board from the membership.  The board shall elect such otherofficers as it deems necessary.

(c)  The members of the board appointed undersubsection (b) shall serve without compensation, but may be reimbursed forexpenses, including travel expenses, incurred in the performance of theirduties.

(d)  The board shall appoint a chief executiveofficer, who shall serve at the pleasure of the board and shall be exempt fromchapter 76.  The board shall set the salary and duties of the executiveofficer.

(e)  The board shall appoint a managementadvisory committee for each industrial park and related project or projectsgoverned by the board.  Each committee shall have five members, who shall servewithout compensation but may be reimbursed for expenses incurred in theperformance of their duties.  The members shall be drawn from fields ofactivity related to each industrial park and related project or projects. [L1983, c 152, pt of §2; am L 1987, c 336, §7; am L 1989, c 274, §2; am L 1990, c293, §8; am L 1991, c 288, §1; am L 2000, c 72, §§5, 6, c 253, §150, and c 297,§25]