§206M-16 Exemption of development corporation from taxation and competitive bidding. (a) All revenues and receipts derived by the development corporation from any project or industrial park or under a project agreement or other agreement pertaining thereto shall be exempt from all state and county taxation. Any right, title, and interest of the development corporation in any project or industrial park shall also be exempt from all state and county taxation. Except as otherwise provided by law, the interest of a qualified person or other user of a project or industrial park under a project agreement or other agreements related to a project or industrial park shall not be exempt from taxation to a greater extent than it would be if the costs of the project or industrial park were directly financed by the qualified person or user.
(b) The development corporation shall not be subject to any requirement of law for competitive bidding for project agreements, construction contracts, lease and sublease agreements, or other contracts unless a project agreement with respect to a project or industrial park shall so require. [L 1983, c 152, pt of §2; am L 1989, c 274, §4; am L 2000, c 72, §21]
Structure Hawaii Revised Statutes
Title 13. Planning and Economic Development
206M. High Technology Development Corporation
206M-2 Establishment of the Hawaii technology development corporation; purpose.
206M-2.5 Meetings of the board.
206M-3.4 Contracts for services necessary for management and operation of corporation.
206M-4 Compliance with state and local law.
206M-7 Conditions precedent to negotiating and entering into a project agreement.
206M-9 Issuance of special purpose revenue bonds; bond anticipation notes; refunding bonds.
206M-10 Authorization for loans; loan terms and conditions; loan procedure.
206M-11 Special purpose revenue bonds not a general or moral obligation of State.
206M-12 Special purpose revenue bonds exempt from taxation.
206M-12.5 Federal tax-exempt status.
206M-13 Special purpose revenue bonds as legal investments and lawful security.
206M-14 Status of special purpose revenue bonds under the Uniform Commercial Code.
206M-15 Technology research and development loans and grants.
206M-15.1 Manufacturing development program; established.
206M-15.2 Research and development program established.
206M-15.5 Technology special fund.
206M-16 Exemption of development corporation from taxation and competitive bidding.
206M-17 Revenue bond fund accounts.
206M-18 Assistance by state and county agencies.
206M-19 Court proceedings; preferences.
206M-20 Construction of this chapter.
206M-21 Confidentiality of trade secrets or the like; disclosure of financial information.
206M-22 Limitation on liability.
206M-23 Hydrogen implementation coordinator.
206M-24 Sustainable aviation fuel program; established.
206M-43 Findings and determinations for special facility leases.
206M-44 Special facility lease.
206M-45 Special facility revenue bonds.
206M-61 Strategic development programs; purpose; powers.
206M-62 Strategic development programs revolving fund.
206M-63 Hydrogen investment special fund.
206M-65 Actions of the development corporation; guidelines.
206M-67 Confidentiality of trade secrets or the like; disclosure of financial information.
206M-68 Requests for assistance from the development corporation; procedure.
206M-69 Private sector financial support.
206M-70 Limitations on debt owed to the development corporation.
206M-71 Limitation on liability.
206M-72 HI growth initiative; report to legislature.
206M-75 Seed capital investments.
206M-76 Purposes and terms of investments.
206M-78 Venture capital investments.
206M-79 Purposes and terms of investments.
206M-83 Conditions for procuring of insurance, loan guarantees, or letters of credit.
206M-84 Program for capital access participation agreements.
206M-85 Establishment of special funds to secure loan insurance obligations; source of funds.