[PART
IV.]  HIGH TECHNOLOGY INNOVATION CORPORATION



 



[§206M-51]  Establishment of the high
technology innovation corporation; purpose.  (a)  There is
established, as a body corporate, the high technology innovation corporation. 
The high technology innovation corporation shall be a public, not-for-profit
organization under section 501(c)(3) of the Internal Revenue Code of 1986, as
amended.  The high technology innovation corporation shall be attached to the
department of business, economic development, and tourism for administrative
purposes.



(b)  The purpose of the high technology
innovation corporation shall include, but not be limited to, the facilitation
of the growth and development of the commercial high technology industry in
Hawaii.  Its duties shall include, but not be limited to:



(1)  Managing the assets and resources of the high
technology development corporation, including its technology parks and
incubation facilities;



(2)  Planning, creating, and implementing any programs
and projects of the high technology development corporation that shall be
assigned to the high technology innovation corporation, including federally-
and state-funded programs and projects and those programs funded by other
nonprofit and for-profit organizations;



(3)  Identifying and obtaining funding and other
resources in support of the purposes of the high technology innovation
corporation and the high technology development corporation from agencies and
organizations not able to provide resources directly to the high technology
development corporation;



(4)  Assisting the high technology development
corporation in the promotion and marketing of Hawaii as a location for
commercial high technology activity; and



(5)  Assisting the high technology development
corporation in any other strategic or operational manner that supports the
State's technology-based economic development activities.



(c)  The high technology innovation corporation
shall implement this purpose by:



(1)  Furnishing the means, methods, and agencies by
which the management, programming, training, investigation, research, and
analysis may be conducted;



(2)  Other means to make the benefits of programming,
training, investigation, research, and analysis available to the public; and



(3)  Any and all other acts reasonably designed to
promote the foregoing purposes in the interest of promoting the general welfare
of the people of the State.



The high technology innovation corporation shall
have the sole right to provide the foregoing services and support to the high
technology development corporation, and the high technology development
corporation shall use the high technology innovation corporation to provide
these services and support in every case, except when the high technology
development corporation determines that the high technology innovation
corporation may not or cannot legally or operationally provide these services
and support. [L 2005, c 173, pt of §1]