Haw. Code R. § 15-3-2

Current through November, 2024
Section 15-3-2 - Definitions

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

"Adult residential care home" means a duly licensed facility providing twenty-four hour living accommodations, for a fee, to adults unrelated to the family, who require at least minimal assistance in the activities of daily living, but who do not need the services of an intermediate care facility.

"Capital access loan" means a loan that is entitled to be secured by the fund;

"Child care facility" means a duly licensed or registered child care facility maintained by any individual, organization or agency, that charges a fee, for the purpose of providing care for children. It includes a family child care home, group child care home, and group child care center;

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

"Fund" means the Hawaii capital loan revolving fund established in section 210-3, HRS;

"Lender" means a financial institution including a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, or nontraditional financial institution;

"Loan" includes, but is not limited to a line of credit;

"Medium-sized business" means a for profit corporation, limited liability company, partnership, limited liability partnership, sole proprietorship, or other legal entity that:

(1) Is domiciled and authorized to do business in Hawaii; and

(2) Employs one hundred (100) or more but fewer than five hundred (500) full-time employees in Hawaii;

"Nonprofit organization" means a private, nonprofit, tax-exempt corporation, association, or organization qualified under section 501(c)(3), Internal Revenue Code of 1986, as amended, that is domiciled in Hawaii;

"Program" means the Hawaii Capital Access Program;

"Reserve account" means an account established with a lender with the approval of the department, in which money is deposited to serve as a source of additional revenue to reimburse the lender for losses on loans enrolled in the program;

"Small-sized business" means a for profit corporation, limited liability company, partnership, limited liability partnership, sole proprietorship, or other legal entity that:

(1) Is domiciled and authorized to do business in Hawaii;

(2) Is independently owned and operated; and

(3) Employs fewer than one hundred (100) full-time employees in Hawaii.

Haw. Code R. § 15-3-2

[Eff. ] (Auth: HRS §§ 211D-2 and 211D-4) (Imp: HRS §§ 211D-1, 211D-2, and 211D-4)