Hawaii Revised Statutes 206M-41 – Definitions
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Terms Used In Hawaii Revised Statutes 206M-41
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Special facility: means one or more buildings, structures, or facilities and the land thereof located in an econimic zone for the technology industry, including, without limitation, facilities for technology research, development, support, processing, and manufacturing, which are the subject of a special facility lease. See Hawaii Revised Statutes 206M-41
- Technology: means industries that are technology-intensive, including but not limited to electronics, biotechnology, software, computers, telecommunications, and other computer-related technologies. See Hawaii Revised Statutes 206M-1
As used in this part, unless the context clearly requires otherwise:
“Special facility” means one or more buildings, structures, or facilities and the land thereof located in an econimic zone for the technology industry, including, without limitation, facilities for technology research, development, support, processing, and manufacturing, which are the subject of a special facility lease.
“Special facility lease” includes a contract, lease, or other agreement, or any combination thereof, the subject matter of which is the same special facility.
“Special facility revenue bonds” means all bonds, notes, and other instruments of indebtedness of the State issued pursuant to this part and part III of chapter 39.