Haw. Code R. § 15-2-2

Current through November, 2024
Section 15-2-2 - Definitions

As used in this chapter, unless a different meaning clearly appears in the context:

"Department" means the department of business and economic development;

"Director" means the director of business and economic development;

"Financial institution" includes, but is not limited to, banks and other lending institutions whose regular course of business entails the making of commercial and industrial loans;

"Loan" means a direct loan made by the department, a loan in which the State participates with financial institutions, including the SBA, or a loan made to a local development company;

"Local development company" means a corporation chartered under any applicable state corporation law to operate in a specified area within the State;

"SBA" means the Small Business Administration of the United States Government;

"SBIA" means the Small Business Investment Act of 1958 ( P.L. 85-699), as amended;

"SBIC" means the Small Business Investment Company which provides venture capital to meet the equity needs of small business concerns;

"Small business concern" means any business entity, including its affiliates or subsidiaries, which is non-dominant in its field and organized for profit, and which conforms with the SBA definition of a small business as defined by title 13, section 121.3-10 of the Code of Federal Regulations;

"State" means the State of Hawaii.

Haw. Code R. § 15-2-2

[Eff. JUL 6 1981; am and comp DEC 21 1989] (Auth: HRS § 210-4, § 210-5) (Imp: HRS § 210-1, § 210-5)