§201C-1 Definitions. For the purposes of this chapter: “Department” means the department of business, economic development, and tourism. “Financial mall” means an array of financial service industry operations connected by telecommunications and not restricted to location in a single physical facility. “Financial services industry” means trading and brokering operations, including but not limited to securities, […]
§201C-2 Establishment. The department of business, economic development, and tourism shall establish a financial services assistance program for the purpose of promoting the growth and development of a financial services industry and other support services including the telecommunications infrastructure. The department may also hire contractors and consultants to effectuate the purpose of this chapter. [L […]
§201C-3 Financial assistance program; source of funds. (a) All moneys to carry out the purposes of the financial services assistance program under this chapter shall be allocated by the legislature through appropriations out of the Hawaii capital loan revolving fund established pursuant to section 210–3. The department shall include in its budgetary request for each […]
§201C-4 Purposes and terms of assistance. (a) The department may utilize the money held in the financial services assistance program for economic development projects within the State that have the potential of creating new jobs for residents of the State or retaining current jobs within the State. (b) Financial assistance provided by the financial services […]
§201C-5 Annual report. The department shall report to the governor and the legislature on the revolving fund’s revenues and expenditures for each fiscal year. The report shall be submitted no later than twenty days prior to the convening of each regular session. [L 1990, c 107, pt of §3]
