part i.  general provisions

 

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

"Board" means the board of directorsof the corporation.

"Corporation" means the Hawaiistrategic development corporation, a public body corporate and politic and aninstrumentality and agency of the State, established under chapter 211F.

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

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

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

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

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

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

"State" means the State of Hawaii.

"Tax credits" means tax creditsissued or transferred pursuant to this chapter and available againstliabilities imposed by chapter 235 or 241.

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