HAR §15-2-2. Definitions

As used in this chapter, unless a different meaning clearly appears in the context: "Department" means the department of business and economic development; "Director" means the director of business and economic development; "Financial institution" includes, but is not limited to, banks and other lending institutions whose regular course of business entails the making of commercial and industrial loans; "Loan" means a direct loan made by the department, a loan in which the State participates with financial institutions, including the SBA, or a loan made to a local development company; "Local development company" means a corporation chartered under any applicable state corporation law to operate in a specified area within the State; "SBA" means the Small Business Administration of the United States Government; "SBIA" means the Small Business Investment Act of 1958 (P.L. 85-699), as amended; “SBIC” means the Small Business Investment Company which provides venture capital to meet the equity needs of small business concerns; "Small business concern" means any business entity, including its affiliates or subsidiaries, which is non-dominant in its field and organized for profit, and which conforms with the SBA definition of a small business as defined by title 13, section 121.3-10 of the Code of Federal Regulations; "State" means the State of Hawaii. [Eff. JUL 6 1981; am and comp DEC 21 1989] (Auth: HRS §210-4, § 210-5) (Imp: HRS §210-1, §210-5)