Hawaii Revised Statutes
206M. High Technology Development Corporation
206M-2 Establishment of the Hawaii technology development corporation; purpose.

§206M-2 Establishment of the Hawaii technology development corporation; purpose. (a) There is established the Hawaii technology development corporation, which shall be a public body corporate and politic and an instrumentality and agency of the State. The development corporation shall be placed within the department of business, economic development, and tourism for administrative purposes, pursuant to section 26-35. The purpose of the development corporation shall be to facilitate the growth and development of the commercial technology industry in Hawaii. Its duties shall include but not be limited to:
(1) Connecting Hawaii-based technology companies and entrepreneurs to new market opportunities;
(2) Developing and encouraging industrial parks as technology innovation centers and other technology infrastructure projects and developing or assisting with the development of projects within or outside of industrial parks, including participating with the private sector in such development;
(3) Encouraging, initiating, and aiding in the development and commercialization of local innovation and technology;
(4) Furnishing the financial and other support and services to institute and grow local innovation and technology;
(5) Developing policy and resource allocations to enable and support start-up companies, sustain existing companies, and attract companies to relocate or establish offices in Hawaii;
(6) Attracting resources from public and private sector organizations and agencies to develop a local qualified innovation research and technology workforce;
(7) Coordinating with other state agencies and entities to support the innovation and technology industry;
(8) Collecting and analyzing information on the state of local and global technology activity; and
(9) Taking any and all other actions reasonably designed to promote the purposes of the corporation in the interest of promoting the general welfare of the people of the State.
(b) The governing body of the development corporation shall consist of a board of directors having nine voting members. The director of business, economic development, and tourism, and an appointed member from the University of Hawaii, or their designated representatives, shall serve as ex officio[,] voting members of the board. All members shall have knowledge, interest, and proven expertise in, but not limited to, one or more of the following fields: finance, commerce and trade, corporate management, marketing, economics, engineering, telecommunications, innovation, and other technology fields. Seven of the members shall be appointed by the governor pursuant to section 26-34 for staggered terms; provided that membership shall include:
(1) Three members who shall be appointed by the governor from a list of four nominees submitted by the president of the senate, and three members who shall be appointed by the governor from a list of four nominees submitted by the speaker of the house of representatives; provided that if fewer than four nominees are submitted for each appointment, the governor may disregard the list; and
(2) One member who shall be appointed by the governor from the economic development board of Maui, Kauai, or Hawaii county.
The governor shall make board member appointments to ensure the fulfillment of all requirements of paragraphs (1) and (2); provided that upon the occurrence of a vacancy subject to paragraph (1), the governor shall notify the president of the senate and the speaker of the house of representatives of any unfulfilled requirements pursuant to paragraphs (1) and (2), and the president of the senate or the speaker of the house of representatives, as appropriate, shall submit nominees who fulfill the requirements pursuant to paragraphs (1) and (2). All appointed members of the board shall continue in office until their respective successors have been appointed. The director of business, economic development, and tourism shall serve as the chairperson until such time as a chairperson is elected by the board from the membership. The board shall elect other officers as it deems necessary.
(c) The members of the board appointed under subsection (b) shall serve without compensation, but may be reimbursed for expenses, including travel expenses, incurred in the performance of their duties.
(d) The board shall appoint a chief executive officer, who shall serve at the pleasure of the board and shall be exempt from chapter 76. The board shall set the salary and duties of the executive officer.
(e) The board shall appoint a management advisory committee for each industrial park and related project or projects governed by the board. Each committee shall have five members, who shall serve without compensation but may be reimbursed for expenses incurred in the performance of their duties. The members shall be drawn from fields of activity related to each industrial park and related project or projects. [L 1983, c 152, pt of §2; am L 1987, c 336, §7; am L 1989, c 274, §2; am L 1990, c 293, §8; am L 1991, c 288, §1; am L 2000, c 72, § §5, 6, c 253, §150, and c 297, §25; am L 2017, c 69, § §4, 5; am L 2019, c 56, §7]
Attorney General Opinions
Cited, as a constitutional board and commission statute where members may serve as holdovers until their successors are "appointed", without any reference to the successors being fully "qualified"; an "appointment" properly occurs under the interim appointments provision of article V, §6 of the state constitution. Att. Gen. Op. 16-3.

Structure Hawaii Revised Statutes

Hawaii Revised Statutes

Title 13. Planning and Economic Development

206M. High Technology Development Corporation

206M-1 Definitions.

206M-2 Establishment of the Hawaii technology development corporation; purpose.

206M-2.5 Meetings of the board.

206M-3 Powers, generally.

206M-3.4 Contracts for services necessary for management and operation of corporation.

206M-3.5 Annual reports.

206M-4 Compliance with state and local law.

206M-5 Development rules.

206M-6 Use of public lands.

206M-7 Conditions precedent to negotiating and entering into a project agreement.

206M-8 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-15.3 REPEALED.

206M-15.5 Technology special fund.

206M-15.6 REPEALED.

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-31 to 206M-35 REPEALED.

206M-41 Definitions.

206M-42 Powers.

206M-43 Findings and determinations for special facility leases.

206M-44 Special facility lease.

206M-45 Special facility revenue bonds.

206M-51 to 206M-59 REPEALED.

206M-61 Strategic development programs; purpose; powers.

206M-62 Strategic development programs revolving fund.

206M-63 Hydrogen investment special fund.

206M-64 Contracts for services necessary for management and operation of the strategic development programs.

206M-65 Actions of the development corporation; guidelines.

206M-66 Business and industry evaluation and priorities for job opportunity and economic development.

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-73 Annual audit.

206M-74 Establishment.

206M-75 Seed capital investments.

206M-76 Purposes and terms of investments.

206M-77 Establishment.

206M-78 Venture capital investments.

206M-79 Purposes and terms of investments.

206M-80 Establishment.

206M-81 Financial assistance.

206M-82 Purposes and priorities required in the procuring of insurance, loan guarantees, or letters of credit.

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.