(a) There is established the Aloha Tower development corporation, which shall be a public body corporate and politic, a public instrumentality, and an agency of the State. The development corporation shall be placed within the department of transportation for administrative purposes, pursuant to § 26-35.
Terms Used In Hawaii Revised Statutes 206J-4
Board: means the board of directors of the development corporation established in section 206J-4, and any successor thereto. See Hawaii Revised Statutes 206J-2
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Development corporation: means the Aloha Tower development corporation established by section 206J-4. See Hawaii Revised Statutes 206J-2
(b) The development corporation shall consist of a board of directors having five voting members: The director of business, economic development, and tourism or the director’s designee; the chairperson of the board of land and natural resources or the chairperson’s designee; the deputy director of transportation, harbors division; one member to be appointed by the speaker of the house of representatives; and one member to be appointed by the president of the senate. The deputy director of transportation, harbors division, shall serve as chairperson of the board.(c) The members of the board appointed under subsection (b) shall serve without compensation, but each member shall be reimbursed for expenses, including travel expenses, incurred in the performance of their duties.
