Section 15-214-11 - Permit premium(a) Whenever permittee, stockholder of permittee or owner of an interest in a corporation or other business which has been issued a permit sells or transfers all or part of the permit or ten per cent or more of the stock or interest in the firm, either as a single transaction or an aggregate of several transactions, to any person who is not a stockholder or owner of record on the effective date of these rules, the seller or person transferring such permit or stock or interest shall pay to HCDA a permit premium fee based on the passenger-carrying capacity of the vessel, and shall be as follows: (1) Vessels used for bare boat (demise) and sailing charters carrying six or less passengers | none |
(2) Vessels registered by the State or documented by the U.S. Coast Guard to carry six passengers or less, used for charter fishing or other commercial purpose | none |
(3) Vessels certified by the U.S. Coast Guard to carry seven to twenty-five passengers | none |
(4) Vessels certified by the U.S. Coast Guard to carry twenty-five to forty-nine passengers | none |
(5) Vessels certified by the U.S. Coast Guard to carry fifty to seventy-four passengers | none |
(6) Vessels certified by the U.S. Coast Guard to carry seventy-five to ninety-nine passengers | none |
(7) Vessels certified by the U.S. Coast Guard to carry one hundred to one hundred forty nine passengers | none |
(b) When less than one hundred per cent of the interest in the permit or corporation is transferred, the permit premium fee shall be based upon a like percentage of the permit or business transferred.[Eff DEC 03 2008] (Auth: HRS § 206E-4) (Imp: HRS § 206E-4)