As used in this chapter, unless a different meaning clearly appears in context:
"Board" means the board of directors of the development corporation.
"Development corporation" means the Hawaii technology development corporation established by chapter 206M, HRS.
"Grant" means financial assistance provided to qualified companies in the State of Hawaii conducting research of alternative energy and energy efficiency technologies in the fields of geothermal, solar, wind, ocean power, hydrodynamics, bioenergy, biomass, solid waste, smart grids, transportation, or demand response, evidenced by a contract from the United States Department of Defense Office of Naval Research, under the terms and conditions provided in this chapter.
"HRS" means the Hawaii Revised Statutes.
"Recipient" means any business receiving a grant under this chapter.
"State" means the State of Hawaii.
Haw. Code R. § 15-34-2