[D.] 
University Projects and Purposes



 



[§304A-2671]  Definitions and
interpretations.  Whenever used in this subpart:



"Appropriation" means moneys
appropriated or allocated by the legislature to the board, the university, any
university project, any university system, any network, or any combination
thereof, from any revolving or special fund that consists of rates, rentals,
and charges, or user taxes, which is permitted to be expended for the cost of
construction, cost of maintenance, debt service on revenue bonds, or any
combination thereof.



"Board" or "board of
regents" means the board of regents of the University of Hawaii, which is hereby declared to be a public corporation.



"Construction" or
"construct" includes acquisition, purchase, planning, construction,
reconstruction, remodeling, renovation, improvement, betterment, and extension.



"Cost of construction" includes all
costs and estimated costs related to construction, including but not limited
to:



(1)  All costs and estimated costs of the preparation
and issuance of revenue bonds and the obtaining of a loan;



(2)  Costs of land acquisition;



(3)  All costs and estimated costs related to
construction of a university project, university system, network, or any
combination thereof, including engineering, architectural, supervisory,
inspection, fiscal, administrative, travel, and clerical fees, costs, and
expenses;



(4)  Interest estimated to accrue during the
construction period and for six months thereafter on money obtained by loan or
through the issuance of revenue bonds;



(5)  Moneys necessary to establish or increase
reserves;



(6)  Costs of utilities, equipment, fixtures, and
apparatus necessary or convenient for the use and occupancy of the university
project, university system, or network or any combination thereof; and



(7)  The initial furnishings of the university
project, university system, or network, or any combination thereof in the
determination of the board.



"Cost of maintenance" includes all
costs or estimated costs of the maintenance of a university project, university
system, or network or any combination thereof; including but not limited to
salaries, wages, and fees of officers, employees, and contractors of the board
engaged in the maintenance of a university project, university system, or
network or any combination thereof, the cost of all supplies and equipment, and
all operational and administrative expenses.



"CUSIP" means the numbering system
adopted by the Committee for Uniform Security Identification Procedures formed
by the Securities Industry Association.



"Maintenance" or "maintain"
includes repairs, upkeep, replacement, renewals, maintenance, operation, and
administration.



"Network" means two or more
university projects, university systems, or university projects and university
systems that, at the election of the board, are combined into a single
network.  A network may include various university projects in any one or more
of the areas under the jurisdiction of the board.



"Reserves" means reserves required or
permitted in the covenants in the resolution or resolutions of the board
authorizing the obtaining of loans or issuance of revenue bonds under this
subpart.



"Revenue bonds" means revenue bonds,
interim certificates, commercial paper, notes, debentures, or other evidence of
indebtedness of the board authorized by or issued under this subpart.



"Revenue of the university" means all
income, receipts, revenue, and moneys of whatever nature received by the
university, or that it is entitled to receive, from its ownership or operation
and management of the university, including any appropriation, other than
general appropriations or gifts the terms of which preclude their being used
for payment of the cost of construction or cost of maintenance of a university
project, a university system, or a network or any combination thereof.



"University" means the University of Hawaii, every community college established and governed by the board under
this chapter, and any and every other educational institution under the
jurisdiction of the board.



"University project" means any
undertaking or improvement that is constructed or maintained by the university
in furtherance of a university purpose.  A university project includes, but is
not limited to, land, fixtures, appurtenances, improvements, utilities,
equipment, and furnishings necessary or convenient for the use and occupancy of
a university project for the purposes for which it was constructed or is used.



"University system" means two or more
university projects from which the university generates revenue of the
university, other than appropriations, operated and maintained jointly as a
system. [L 2007, c 161, pt of §1]