HAR §15-31-26
HAR §15-31-26. Bonda
Length: 653 wordsOfficial source
Cite as Haw. Code R. § 15-31-26
(a)
As contained
in
section
206M-9,
RRS,
the
development
corporation
may
f,inance
all
or a part
of
the
coat
of developing,
constructing
and equipping
a project
or
industrial
park
with
loans,
including
construction
end permanent
loans,
to qualified
persona
with
funds
raised
through.
the
issuance
of
bonds.
(1)
If
the
development
and construction
of
an
industrial
park,
a project
or a
rulti-project
program
is
propoaed
to be
31-a
Sec.
15-31-26
financed
through
the
issuance
of
bonds,
the
development
corporation
shall
submit
to
the
governor
of
the
State
a request
that
bonds
be
issued.
(2)
If
the
governor's
approval
is
obtained,
the
request
that
bonds
be
issued
for
the
industrial
park,
project
or
multi-project
program
shall
be
aubritted
to
the
legislature
for
its
authority
to
issue
bonds.
(b)
As part
of
any request
seeking
the
governor's
approval
and the
legislature's
authority
to
issue
bonds
to
finance
all
or
a pert
of
the
cost
of
developing,
constructing
or
equipping
an industrial
park,
the
developrent
corporation
ray
also
include
a
request
for
the
governor's
approval
and
the
legislature's
authorization
to
faaue
additional
bonds,
which
the
development
corporation
enticipetea
will
be
necessary
end advisable
for
the
purpose
of having
financing
available
to persona,-who
desire
to finance
the
coat
of developing,
constructing
and
equipping
all
or
e pert
of
any
project
in
the
industrial
perk
through
bond financing
and who will
be applying
for
such
financial
assistance
as a qualified
person
under
these
rules.
The
developrent
corporation
ray
issue
such
additional
bonds
in
such
principal
amounts
as the
governor
has approved
and the
legislature
has
authorized
at such
tire
or tirea
as the
development
corporation
deems
necessary
end advisable
to
finance
all
or part
of
the
cost
of
any project
in the
industrial
park.
[Bff
i'i.Akzu w'
]
(Auth:
BRS Sec.
206M-3)
(Imp:
BRS Sec.
206M-3)
Sec.
15-31-26
Develorment
rules.
(a)
The
development
corporation
ahall
review
the
qualified
person's
development
concept
and shall
adopt
development
rules
in
accordance
with
section
206M-5,
HRS, to be followed
during
the
course
of the
development
of any induatrial
park,
project
or
multi-project
program:
(1)
Whenever
the
proceeds
of
bonds
are
used to
finance
all
or,eny*pert
of
the coat
of
en
industrial
park,
project
or multi-project
progrer;
or
(2)
Upon the
qualified
person's
request
and
upon
the
development
corporation's
determination
that
the
adoption
of
development
rules
is
31-9
94
Sec.
15-31-26
desirable
and in
furtherance
of
the
purposes
end,
objectives
of
the
development
corporation.
(b)
From
tire
to
tile
if
all
or
any
portion
of
the
land
already
meets
or
complies
with
health,
safety,
building,
planning,
zoning,
and
lend
use
ordinances
or
rules
of
the
county
in
which
the
industrial
park,
project
or multi-project
prograa
is
situated,
designations
of
the
use or
uses
shall
follow
those
rules
accordingly
and be a pert
of
the
development
rules
for
the
industrial
perk.
If
any
portion
of
the
land
does
not
reet
or
corply
with
health,
safety,
building,
planning,
zoning
and
land
use codes
or
regulations
of
the
county
in
which
the
industrial
park,
project
or
multi-project
program
is
situated,
the
development
corporation
shall
adopt
development
rules
on health,
safety,
building,
planning,
zoning
and land
use which
relate
to
the
proposed
developient
of
the
industrial
park
upon
finding
that
the
proposed
industrial
park
is
consistent
with
the
purpose
and intent
of chapter
206M
and reet
rinirur
requirements
of design,
pleaaant
amenities,
health,
safety
and coordinated
development.
The development
rules
ahall
be exempt
from
and shall
supersede
all
inconsistent
laws,
ordinances
and rules
relating
to the
use,
zoning,
planning,
and development
of
land.
[gff
H/JR 20 ig8?
1
(Auth:
HRS Sec.
206M-3)
(Imp:
BRS Sec.
206W3)
Sec.
15-31-27
Initiation
of development
rulemaking.
During
the
course
of
the
development
of
any industrial
park,
the
development
corporation
shell
initiate
development
rul,eraking
proceedings
in
accordance
with
the
provisions
of Chapter
91 and
section
20633-5,
HRS,
[ Bff
8&i 2 0 1987
Sec.
206&3)
(Imp:
]
(Auth:
HRS
HRS Sec.
206M-3)