Hawaii Revised Statutes 304A-2651 – University of Hawaii equipment
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Terms Used In Hawaii Revised Statutes 304A-2651
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
- university: refers to the University of Hawaii, unless otherwise required by the context. See Hawaii Revised Statutes 304A-101
The board of regents may define or establish the value, useful life, and any other characteristic of the university‘s nonexpendable, tangible personal property, for all purposes for which these characteristics must be defined or established, including inventory and surplus property control and the preparation of financial statements, but excluding the determination of cost elements related to the issuance of general obligation bonds.