§211G-1 - Definitions. - Hawaii Statutes

part i.  general provisions

 

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

     "Board" means the board of directors of the corporation.

     "Corporation" means the Hawaii strategic development corporation, a public body corporate and politic and an instrumentality and agency of the State, established under chapter 211F.

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

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

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

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

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

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

     "State" means the State of Hawaii.

     "Tax credits" means tax credits issued or transferred pursuant to this chapter and available against liabilities imposed by chapter 235 or 241.

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