Section 4-54-6 - Contracts(a) The department may enter into contract with appropriate agencies, firms, individuals, and associations for promotion to foster the development of the agricultural industry in consonant with the policies, programs, and activities of the governor's agriculture coordinating committee.(b) All parties to a contract involving the use of state funds shall be bound by the terms of the contract.(c) All such contracts shall be approved by the chairperson and specify the name and address of the parties, the nature and scope of the work to be performed, the manner in which funds may be expended, and such data as the state comptroller may require.(d) The contract term shall not exceed one year, but the term may be extended by mutual written agreement by the parties to the contract.(e) Funds to assist associations to promote their products shall be matched by association funds equal to at least forty per cent of the contracted amount.(f) Where a new or fragile association in an emerging industry with good potential for growth is unable to contribute its full matching share, the chairperson may waive matching fund requirements for the first three years of any contract, but shall require at least twenty per cent matching funds for the fourth year of any such contract, and at least forty per cent matching funds for all subsequent years of any such contract; provided that such a waiver shall be granted only once in a single industry.[Eff FEB 14 1986] (Auth: HRS § 141-2) (Imp: HRS § 26-16)