part i.  general provisions



 



[§211G-1]  Definitions.  As used in this
chapter:



"Board" means the board of directors
of the corporation.



"Corporation" means the Hawaii
strategic development corporation, a public body corporate and politic and an
instrumentality and agency of the State, established under chapter 211F.



"Equity capital" means capital
invested in common or preferred stock, royalty rights, limited partnership
interests, limited liability company interests, and any other securities or
rights that evidence ownership in private business.



"Guarantee" means each guarantee or
agreement issued by the corporation as authorized by this chapter.



"Investor group" means any person
that is engaged or considered for engagement by the corporation as an investor
group pursuant to this chapter.



"Near-equity capital" means capital
invested in unsecured, undersecured, subordinated, or convertible loans, or
debt securities.



"Person" means any individual,
corporation, limited liability company, partnership, or other lawfully
organized entity.



"Put option" means a right or
privilege to sell an amount of tax credits during a time period ending on the
expiration date of the option.



"State" means the State of Hawaii.



"Tax credits" means tax credits
issued or transferred pursuant to this chapter and available against
liabilities imposed by chapter 235 or 241.



"Taxpayer" means a person subject to
a tax imposed by chapter 235 or 241. [L 2004, c 215, pt of §1]