§206M-61 Strategic development programs; purpose; powers. The purpose of the strategic development programs is to encourage economic development and diversification in Hawaii through innovative actions in cooperation with private enterprises. The development corporation shall establish programs to stimulate private capital investment in Hawaii toward investments that promote the welfare of citizens in this State, economic growth, employment, and economic diversification. The development corporation may use public funds to provide incentives to private investment activity, by co-investing public funds in private financial organizations to increase the impact of the public investment while utilizing the investment acumen of the private sector, and by using public funds to reduce the risks of private investments. The development corporation shall have the flexibility to provide various types of financial assistance. When providing financial assistance, the development corporation shall make provision for the recovery of its expenditures, as far as possible. [L 2019, c 56, pt of §2]
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.