reglab/housing_qa huggingface dataset:
HI Rev Stat § 206M-7 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-7 Conditions precedent to negotiating and entering into a project agreement.

  §206M-7 Conditions precedent to negotiating and entering into a project agreement. (a) The development corporation prior to entering into negotiations with respect to a project agreement or at any time during such negotiations shall require that as a condition to such negotiations or the continuation thereof the State shall be reimbursed for any and all costs and expenses incurred by it even though a project agreement may not be entered into and may further require the deposit of moneys with the development corporation as security for such reimbursement. Any amount of such deposit in excess of the amount required to reimburse the State shall be returned by the development corporation to the party which has made such deposit.  (b) The development corporation shall not enter into any project agreement with respect to any project or industrial park unless the legislature shall have first authorized the issuance of special purpose revenue bonds to finance a project or projects, an industrial park or industrial parks, or a multi-project program pursuant to section 206M-9, and the development corporation has thereafter found and determined either that:  (1) The qualified person is a responsible party, whether by reason of economic assets or experience in the type of enterprise to be undertaken through the project, or otherwise; or  (2) The obligations of the qualified person under the project agreement will be unconditionally guaranteed by a person who is a responsible party, whether by reason of economic assets or experience in the type of enterprise to be undertaken through the project or otherwise. [L 1983, c 152, pt of §2; am L 2000, c 72, §11]
HI Rev Stat § 206M-10 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-10 Authorization for loans; loan terms and conditions; loan procedure.

  §206M-10 Authorization for loans; loan terms and conditions; loan procedure. (a) Notwithstanding any law to the contrary, the director of finance is authorized, with the approval of the governor, to make loans up to the aggregate sum of $1,000,000, or so much thereof as may be necessary, to the development corporation. The loans shall be made from the state general fund moneys which are in excess of the amounts necessary for immediate state requirements, and shall be used for the purpose of paying administrative and other costs associated with the development of industrial parks and other projects and activities that encourage the growth of the technology industry in Hawaii.  (b) The development corporation, to the extent moneys become available from bond proceeds or otherwise, shall repay the general fund the principal amount of any loan made by the director of finance. No interest shall be required for any such loan.  (c) Loans authorized by this section shall be drawn upon by the development corporation from time to time upon at least five days notice to the director of finance and upon the filing with the director of finance of a certificate of the chairperson of the board setting forth the amount being borrowed, the names of the persons, firms, or corporations to which moneys will be paid from the proceeds of such borrowing and the amount to be paid to each. In addition, the chairperson of the board shall file with the director of finance a copy of the resolution or resolutions of the board approving contracts for services which will be paid from the proceeds of the borrowing. [L 1983, c 152, pt of §2; am L 1991, c 288, §3; am L 2000, c 72, §14; am L 2017, c 69, §5]
HI Rev Stat § 206M-11 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-11 Special purpose revenue bonds not a general or moral obligation of State.

  §206M-11 Special purpose revenue bonds not a general or moral obligation of State. No holder or holders of special purpose revenue bonds issued under this chapter shall ever have the right to compel any exercise of the taxing power of the State to pay the bonds or the interest thereon and no moneys other than the revenues pledged to the bonds shall be applied to the payment thereof. Each special purpose revenue bond issued under this chapter shall recite in substance that the bond, including interest thereon, is not a general or moral obligation of the State and is payable solely from the revenues pledged to the payment thereof, and that the bond is not secured, directly or indirectly, by the full faith and credit or the general credit of the State or by revenues or taxes of the State other than the revenues specifically pledged thereto. [L 1983, c 152, pt of §2; am L 2000, c 72, §15]
HI Rev Stat § 206M-12 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-12 Special purpose revenue bonds exempt from taxation.

  §206M-12 Special purpose revenue bonds exempt from taxation. Special purpose revenue bonds and the income therefrom issued pursuant to this chapter shall be exempt from all state taxation, except inheritance, transfer, and estate taxes. [L 1983, c 152, pt of §2; am L 2000, c 72, §16]
HI Rev Stat § 206M-12.5 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-12.5 Federal tax-exempt status.

  §206M-12.5 Federal tax-exempt status. Special purpose revenue bonds issued pursuant to this chapter, to the extent practicable, shall be issued to comply with requirements imposed by applicable federal law providing that the interest on the special purpose revenue bonds shall be excluded from gross income for federal income tax purposes (except as certain minimum taxes, environmental taxes, or other federal taxes or tax consequences may apply). The development corporation may enter into agreements, establish funds or accounts, and take any action required to comply with applicable federal law. Nothing in this chapter shall be deemed to prohibit the issuance of special purpose revenue bonds, the interest on which may be included in gross income for federal income tax purposes. [L 2000, c 72, §2]
HI Rev Stat § 206M-13 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-13 Special purpose revenue bonds as legal investments and lawful security.

  §206M-13 Special purpose revenue bonds as legal investments and lawful security. The special purpose revenue bonds issued pursuant to this chapter shall be and are declared to be legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, credit unions, fiduciaries, trustees, guardians, and for all public funds of the State or other political corporations or subdivisions of the State. The special purpose revenue bonds shall be eligible to secure the deposit of any and all public funds of the State and any and all public funds of counties or other political corporations or subdivisions of the State, and the bonds shall be lawful and sufficient security for the deposits to the extent of their value when accompanied by all unmatured coupons, if any, appertaining thereto. [L 1983, c 152, pt of §2; am L 2000, c 72, §17]
HI Rev Stat § 206M-14 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-14 Status of special purpose revenue bonds under the Uniform Commercial Code.

  §206M-14 Status of special purpose revenue bonds under the Uniform Commercial Code. Notwithstanding any of the provisions of this chapter or any recital in any special purpose revenue bond issued under this chapter, all such special purpose revenue bonds shall be deemed to be investment securities under the Uniform Commercial Code, chapter 490, subject only to the provisions of the special purpose revenue bonds pertaining to registration. [L 1983, c 152, pt of §2; am L 2000, c 72, §18]
HI Rev Stat § 206M-15 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-15 Technology research and development loans and grants.

  §206M-15 Technology research and development loans and grants. (a) All moneys necessary to carry out the purposes of this section shall be allocated by the legislature through appropriations out of the state general fund. The development corporation shall include in its budgetary request for the upcoming fiscal period, the amounts necessary to effectuate the purposes of this section. All moneys, interest charges, and other fees collected by the development corporation under this section shall be deposited to the credit of the state general fund. In making any expenditure under this section, the development corporation shall analyze each funding request to determine whether the project to be undertaken will be economically viable and beneficial to the State.  (b) The development corporation may provide grants to any business in Hawaii that:  (1) Receives a federal small business innovation research phase I or II award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;  (2) Receives a federal small business technology transfer program award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;  (3) Receives a federal small business innovation research phase III or small business technology transfer program phase III award or contract, up to fifty per cent of the amount of the award or contract funded by private sector or government sources outside of the program; or  (4) Applies for a small business innovation research federal grant or a small business technology transfer program federal grant, in an amount not to exceed $3,000, subject to the availability of funds.  (c) The development corporation shall adopt rules pursuant to chapter 91 that:  (1) Specify the qualifications for eligibility of grant applicants;  (2) Establish priorities in determining eligibility in the event that insufficient funds are available to fund otherwise qualified applicants; and  (3) Give preference to all qualified businesses receiving their first award in one fiscal year over multiple award grantees. The development corporation may adopt any other rules pursuant to chapter 91 necessary for the purposes of this section. [L 1983, c 152, pt of §2; am L 1989, c 196, §3; am L 1991, c 85, §1; am L 1992, c 63, §1; am L 1993, c 280, §18; am L 2000, c 72, §19; am L 2006, c 282, §2; am L 2009, c 136, §1; am L 2015, c 216, §2; am L 2017, c 69, §5; am L 2018, c 68, §2]
HI Rev Stat § 206M-15.1 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-15.1 Manufacturing development program; established.

  §206M-15.1 Manufacturing development program; established. (a) There is established the manufacturing development program, through which the development corporation may provide grants to any business in Hawaii that is a manufacturer in the State and requires assistance for any of the following items:  (1) Purchasing of manufacturing equipment;  (2) Training of employees on the use of manufacturing equipment;  (3) Improving existing energy efficiency manufacturing equipment or the purchase of improved energy efficiency equipment in the manufacturing process; or  (4) Studying or planning the implementation of a new manufacturing facility; provided that no grant shall exceed twenty per cent of the cost of any of the above items, and no company shall receive a grant exceeding $100,000 in any given year.  (b) All moneys necessary to carry out the purposes of this section shall be appropriated by the legislature through appropriations out of the state general fund.  (c) In reviewing grant applications pursuant to this section, the development corporation shall analyze each application to determine whether the item to be undertaken will be economically viable and beneficial to the State.  (d) The development corporation shall submit a report to the legislature no later than twenty days prior to the convening of the regular session held in every even-numbered year. The report shall include the following items:  (1) The total number of grants provided;  (2) The sectors provided with grants;  (3) The total projected economic and employment growth facilitated by the grants provided; and  (4) The actual economic and employment growth that occurred as a result of the grants provided. [L 2015, c 215, §1]
HI Rev Stat § 206M-15.2 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-15.2 Research and development program established.

  §206M-15.2 Research and development program established. (a) There is established within the development corporation, the research and development program, to help Hawaii-based small businesses optimize research and development performed in Hawaii.  (b) Subject to available funds, the research and development program shall:  (1) Apply funds to support product development, technology transfer, and commercialization;  (2) Provide capital to support accelerated commercialization activities for qualified Hawaii-based small businesses;  (3) Provide capital to sustain high-potential infrastructure development to assist qualified Hawaii-based small businesses towards commercial success;  (4) Promote efforts that reverse the loss of qualified workers to other states by providing jobs to retain existing Hawaii technology employees and enable highly qualified scientists and engineers to return to living-wage jobs in Hawaii;  (5) Promote efforts that keep technology companies in Hawaii by limiting the need to seek out-of-state venture capital, which dilutes local ownership and increases the probability of high-potential technology companies moving from Hawaii; and  (6) Provide grants of up to $300,000 for critical product development that enables a qualified Hawaii-based small business to achieve significant product development and technical milestones.  (c) To receive funding, a Hawaii-based small business shall submit to the development corporation proof of the federal research and development tax credits received. Proof shall be in the form of copies of the small business Internal Revenue Service Form 6765 Credit for Increasing Research Activities as filed. The business shall be eligible to receive a grant in an amount equal to the average of the federal tax credit for the prior three tax years.  (d) In reviewing grant applications pursuant to this section, the development corporation shall analyze each application to determine whether the item to be undertaken will be economically viable and beneficial to the State.  (e) The development corporation may adopt rules pursuant to chapter 91 necessary to carry out the purposes of this section.  (f) For purposes of this section:  "Hawaii-based small business" means a company:  (1) Headquartered in the State;  (2) Doing business in the State for not less than five years; and  (3) Employing fifteen or more residents with income subject to taxation pursuant to chapter 235.  "Resident" shall have the same meaning as in section 235-1. [L 2018, c 141, pt of §2; am L Sp 2021, c 9, §30]
HI Rev Stat § 206M-15.3 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-15.3 REPEALED.

  §206M-15.3 REPEALED. L Sp 2021, c 9, §33.
HI Rev Stat § 206M-15.5 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-15.5 Technology special fund.

  §206M-15.5 Technology special fund. There is established in the state treasury a fund to be known as the technology special fund, into which shall be deposited, except as otherwise provided by section 206M-17:  (1) Any appropriations or other funds required to be deposited by law; and  (2) All moneys, fees, and equity from tenants, qualified persons, or other users of the development corporation's industrial parks, projects, other leased facilities, and other services and publications; provided that the total amount of moneys in the fund shall not exceed $300,000 at the end of any fiscal year. All moneys in the fund are appropriated for the purposes of and shall be expended by the development corporation for the operation, maintenance, and management of its industrial parks, projects, facilities, services, and publications, and to pay the expenses in administering the special purpose revenue bonds of the development corporation or in carrying out its project agreements. [L 1989, c 274, pt of §1; am L 2000, c 72, §20 and c 297, §28; am L 2016, c 76, §3; am L 2017, c 69, §5; am L 2019, c 56, §16] Note  L 2017, c 69, §9 provides:  "SECTION 9. This Act shall not affect the validity of any contract, lease, rule, other document, or appropriation that uses the term "high technology development corporation" or "high technology special fund.""
HI Rev Stat § 206M-15.6 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-15.6 REPEALED.

  §206M-15.6 REPEALED. L Sp 2021, c 9, §34. Note  L 2021, c 225, §3 purports to amend this section.
HI Rev Stat § 206M-16 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-16 Exemption of development corporation from taxation and competitive bidding.

  §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]
HI Rev Stat § 206M-17 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-17 Revenue bond fund accounts.

  §206M-17 Revenue bond fund accounts. The development corporation shall establish separate special funds in accordance with section 39-62 for the deposit of the proceeds of special purpose revenue bonds and special facility revenue bonds authorized under this part and [part III] respectively. The development corporation shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for the following purposes:  (1) To pay when due all special purpose revenue bonds and special facility revenue bonds, premiums, if any, and interest thereon, for the payment of which the revenues are or have been pledged, charged, or otherwise encumbered, including reserves therefor; and  (2) To the extent not paid by the qualified person to provide for all expenses of administration, operation, and maintenance of the project, including reserves therefor.  Unless and until adequate provision has been made for the foregoing purposes, the development corporation shall not transfer the revenues derived from the project agreement to the technology special fund of the State. [L 1983, c 152, pt of §2; am L 1993, c 280, §16; am L 2000, c 72, §22; am L 2017, c 69, §5]
HI Rev Stat § 206M-18 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-18 Assistance by state and county agencies.

  §206M-18 Assistance by state and county agencies. Every state or county agency may render services to the development corporation upon request of the development corporation. [L 1983, c 152, pt of §2]
HI Rev Stat § 206M-19 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-19 Court proceedings; preferences.

  §206M-19 Court proceedings; preferences. Any action or proceeding to which the development corporation, the State, or a county may be party, in which any question arises as to the validity of this chapter, shall be preferred over all other civil causes, except election cases, without respect to position on the calendar. The same preference shall be given upon application of counsel for the development corporation in any action or proceeding questioning the validity of this chapter in which the development corporation has duly intervened. [L 1983, c 152, pt of §2]
HI Rev Stat § 206M-20 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-20 Construction of this chapter.

  §206M-20 Construction of this chapter. The powers conferred by this chapter shall be in addition and supplemental to other powers conferred by any other law. This chapter shall constitute and be enabling legislation for the development corporation, as an agency and instrumentality of the State, to issue special purpose revenue bonds in accordance with the provisions of the Constitution of the State of Hawaii and this chapter. Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, this chapter shall be controlling. [L 1983, c 152, pt of §2]
HI Rev Stat § 206M-21 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|206M. High Technology Development Corporation|206M-21 Confidentiality of trade secrets or the like; disclosure of financial information.

  §206M-21 Confidentiality of trade secrets or the like; disclosure of financial information. (a) Notwithstanding chapters 92, 92F, or any other law to the contrary, any documents or data made or received by any member or employee of the corporation shall not be a public record to the extent that the material or data:  (1) Consists of trade secrets;  (2) Consists of commercial or financial information regarding the operation of any business conducted by an applicant for, or recipient of, any form of assistance that the corporation is empowered to render; or  (3) Relates to the competitive position of that applicant in a particular field of endeavor; provided that if the corporation purchases a qualified security from an applicant, the commercial and financial information, excluding confidential business information, shall be deemed to become a public record of the corporation. If the information is made or received by any member or employee of the corporation after the purchase of the qualified security, it shall become a public record three years from the date the information was made or received.  (b) Any discussion or consideration of trade secrets or commercial or financial information shall be held by the board, or the subcommittee of the board, in executive sessions closed to the public; provided that the purpose of any such executive session shall be set forth in the official minutes of the corporation, and business that is not related to that purpose shall not be transacted nor shall any vote be taken during the executive sessions. [L 2000, c 297, pt of §22(1)]