Hawaii Revised Statutes 39B-1 – Definitions
Terms Used In Hawaii Revised Statutes 39B-1
- 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.
- county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
- Department: means the department of budget and finance. See Hawaii Revised Statutes 39B-1
Whenever used in this [chapter], unless a different meaning clearly appears from the context:
“Annual state ceiling” means the principal amount of private activity bonds which may be issued in each calendar year by all issuers and counties in the State under the Internal Revenue Code of 1986, as the same may be amended.
“Department” means the department of budget and finance.
“Governing body” means the councils of the counties, or any other body exercising the legislative powers of a county.
“Issuer” means any state department, board, commission, officer, or authority, or private not-for-profit corporation authorized under the laws of the State to issue private activity bonds.
“Private activity bond” shall have the same meaning as the term is defined in the Internal Revenue Code of 1986, as the same may be amended.