(a) Insurance, guarantees, or letters of credit procured pursuant to § 206M-81 shall be procured only for economic development projects within the State that are consistent with the purposes and objectives of this part.

Terms Used In Hawaii Revised Statutes 206M-82

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) The development corporation shall give paramount priority in procuring insurance, guarantees, and letters of credit to economic development projects that have the greatest potential for creating new jobs or retaining current jobs within the State.