HAR §15-120-2. §15-120-2 Definitions

As used in this chapter, unless a different meaning clearly appears in the context: "Community-based economic development" shall have the same meaning as in section 210D-2, HRS. "Community-based organization" shall have the same meaning as in section 21 OD-2, HRS. "Community-based enterprise" means a community-based economic development business that has a business model designed to increase community control over local resources and decision-making processes and to have positive economic impacts in the community such as increased job creation, local sourcing ofproduct inputs, and other resources for community economic empowerment. "Community ofidentity" shall have the same meaning as in section 21 OD­ 2, HRS. "Community of interest" shall have the same meaning as in section 21 OD­ 2, HRS. "Council" means the community-based economic development advisory council. "Department" means the depattment ofbusiness, economic development, and tourism. "Director" means the director ofbusiness, economic development, and tourism. "Financial institution" includes, but is not limited to, banks and other lending institutions whose regular course of business includes making of commercial and industrial loans. "Grant" means an award offunds by the department to a nonprofit community-based organization or its for-profit subsidiary, or a cooperative association, or an organization providing technical assistance to community-based organizations. "Grantee" means the recipient of a grant. "HRS" means the Hawaii Revised Statutes. "Loan" means a direct loan made by the department or a paiticipation loan in which the department participates with a financial institution. "Perquisite" means a privilege, gain, or profit incidental to regular salary or wages. "Personal information" means any information, financial or otherwise, provided by an applicant, the disclosure ofwhich is not required under chapter 92F, HRS. "Program" means the community-based economic development technical and financial assistance program. 120-2 § 15-120-2 "Revolving fund" means the Hawaii community-based economic development revolving fund established in section 21 0D-4, HRS, from which moneys shall be used for purposes ofthis chapter. "SBA" means the Small Business Administration ofthe United States Government. "State" means the State ofHawaii. "Technical assistance" means support to organizations targeted at a business development need or problem, and includes prescribing or providing management counseling, skills training, consulting services, and other instruction, monitoring business activities, and sharing information, working knowledge, and expertise, and may also include the transfer oftechnical data. Technical assistance may be provided directly by the department, or by consultants or contractors, or by grantees awarded a grant for that purpose. [Eff MAY ]t 5 ?.02ij (Auth: HRS §210D-8) (Imp: HRS §§210D-1, 210D-2, and 210D-8)