§227D-1  Definitions.  As used in thischapter, unless the context clearly requires otherwise:

"Authority" means the natural energylaboratory of Hawaii authority established by section 227D-2.

"Board" means the board of directorsof the authority established by section 227D-2 and any successor thereto.

"Bonds" means special purpose bondsissued under this chapter and shall include notes, other instruments ofindebtedness, and refunding bonds.

"Cost" means the total cost incarrying out all undertakings that the authority deems reasonable and necessaryfor the development of a project or research and technology park, including butnot limited to the cost of studies, surveys, plans, and specifications,architectural, design, engineering, or any other special related services; thecost of site preparation and development, demolition, construction,reconstruction,  rehabilitation, and improvement; the cost of financing theproject or research and technology park from the date thereof to the estimateddate of completion of the project or research and technology park as determinedby the board; the cost of an allocable portion of the administrative andoperating expenses of the authority related to the development of the projector research and technology park; and the cost of indemnity and surety bonds,premiums on policies of insurance, legal fees, and fees and expenses oftrustees, depositories, and paying agents for the bonds, and for the issuanceof letters of credit or other banking arrangements whether for the authoritycredit or a qualified person; all as the authority shall deem necessary.

"Project" means any combination ofland and buildings and other improvements thereon for use in, but not limitedto research, development, demonstration, processing, or manufacturingactivities or enterprises utilizing or in support of the utilization of naturalresources and geothermal energy which are located in a research and technologypark and acquired, constructed, reconstructed, rehabilitated, improved, altered,or repaired by or on behalf of the authority.

"Project agreement" means any lease,sublease, loan agreement, conditional sale agreement, or other similarfinancing contract or agreement, or any combination thereof entered into underthis chapter by the authority, including the financing from the proceeds ofbonds of a project or a research and technology park.

"Public agency" means any office,department, board, commission, bureau, division, public corporation, agency, orinstrumentality of the federal, state, or county government.

"Qualified person" means anyindividual, partnership, corporation, public agency, or any combination orassociation of the foregoing, possessing the competence, expertise, experience,and resources, including financial, personnel, and tangible resources, requiredfor the purposes of a project and other qualifications as may be deemeddesirable by the authority in administering this chapter and that enters into aproject agreement with the authority.

"Real property" means lands,structures, and interests therein, and natural resources including water,minerals, and all things connected with land, including lands under water andriparian rights, space rights, air rights, and any and all other things andrights usually included within the term.  Real property also means any and allinterests in property less than fee title, such as leasehold interests,easements, incorporeal hereditaments, and every estate, interest, or right,legal or equitable, including terms for years and liens thereon by way ofjudgments, mortgages, or otherwise.

"Research advisory committee" meansthe research committee that is advisory to the board and is established bysection 227D-4 and any successor thereto.

"Research and technology park" meansa tract of real property determined by the board as being suitable for use asbuilding sites for projects engaged in research, development, demonstration,processing, or manufacturing activities or retail or commercial enterprisesutilizing or in support of the utilization of natural resources or geothermalenergy.  This includes, but is not limited to, research, commercialization,training, education, technical analyses, pilot plant, or prototype productdevelopment, and may include the installation of improvements to tractsincidental to the use of real property as a research and technology park, suchas water, sewer, sewage and waste disposal, and drainage facilities, sufficientto adequately service projects in the research and technology park, andprovision of incidental transportation facilities, power distributionfacilities, and communication facilities. [L 1990, c 224, pt of §3; am L 1993,c 252, §1; am L 1999, c 38, §1]