2011 Hawaii Code
DIVISION 1. GOVERNMENT
TITLE 5. STATE FINANCIAL ADMINISTRATION
39A. Special Purpose Revenue Bonds
§39A‑311 Definitions.

[PART X.] ASSISTING AGRICULTURAL ENTERPRISES SERVING

IMPORTANT AGRICULTURAL LANDS

[§39A‑311] Definitions. Whenever used in this part, unless a different meaning clearly appears from the context:

"Department" means the department of budget and finance.

"Important agricultural lands" means those lands designated as such pursuant to part III of chapter 205.

"Project" means any combination of land, buildings, and other improvements thereon, including without limitation irrigation systems and infrastructure, for use of, or for, or to assist an agricultural enterprise serving important agricultural lands, including without limiting the generality of the foregoing, machinery, equipment, furnishings, and apparatus that are deemed necessary, suitable, or useful to the enterprise.

"Project agreement" means any agreement entered into under this part by the department with a project party to finance, construct, operate, or maintain a project from the proceeds of special purpose revenue bonds, or to lend the proceeds of special purpose revenue bonds to assist an agricultural enterprise serving important agricultural lands, including without limitation any loan agreement.

"Project party" means a person, firm, or corporation qualified to do business in this State and conducting or proposing to conduct an agricultural enterprise serving important agricultural lands.

"Special purpose revenue bonds" or "bonds" means bonds, notes, or other evidences of indebtedness of the State issued pursuant to this part. [L 2006, c 148, pt of §1]