Chapter 48 — Economic

§48-1 Definitions. As used in this chapter: "Department" means the department of business, economic development, and tourism. "Economic development bond" means any general or revenue bond issued by any political subdivision of the State for the purpose of financing the purchase o…

§48-2 Department authority. The department of business, economic development, and tourism may employ personnel necessary to carry out this chapter. The department may issue rules and regulations in accordance with chapter 91 and may require information necessary for the administr…

§48-3 Certificate of convenience and necessity. No political subdivision may issue economic development bonds without first having been issued a certificate of convenience and necessity therefor. The certificate shall be issued by the department of business, economic development,…

§48-4 Procedure. Within thirty days after a political subdivision files a petition, completed in accordance with the rules and regulations authorized by section 48-2, the department of business, economic development, and tourism shall upon due notice hold a hearing upon the petit…

§48-5 Authorization for issuance of bonds. A political subdivision which holds a certificate of convenience and necessity issued and in force pursuant to this chapter may issue local government general obligation or revenue bonds, subject to the limitations and procedures of this…

§48-6 Annual report. The department of business, economic development, and tourism shall make an annual report to the governor and the legislature, including recommendations to further the purposes of this chapter. [L 1964, c 58, pt of §2; Supp, §140A-7; HRS §48-6; am L 1987, c 3…

§48-7 Provisions of chapter controlling. Insofar as this chapter is inconsistent with the provisions of any law or charter, this chapter shall be controlling. The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law or ch…