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COUNTY OF HAWAII <br />ORDINANCE NO. <br />STATE OF HAWAII <br />BILL NO. 159 <br />AN ORDINANCE AMENDING CHAPTER 21, ARTICLE 5, VARIOUS SECTIONS OF THE <br />HAWAII COUNTY CODE 1983 (2005 EDITION), RELATING TO SEWER CONNECTION <br />LOAN PROGRAM. <br />BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br />SECTION 1. The purpose of this measure is to update and amend Article 5 relating to <br />the Sewer Connection Loan Program. <br />SECTION 2. Chapter 21, Article 5, Section 21 -38 of the Hawai`i County Code 1983 <br />(2005 edition), is amended to read as follows: <br />Section 21 -38. Definitions. <br />For purposes of this article, the following words and phrases, unless the context <br />otherwise requires, shall be defined as indicated: <br />"Default" means the failure of a guaranteed borrower to make a required payment <br />to a designated bank within ninety days of the date upon which the payment is due as <br />stated in the contract between a designated bank and a guaranteed borrower. <br />"Designated bank" means any bank or financial institution approved by the <br />director of finance pursuant to this article to provide loans to owners who are required to <br />connect property to sewers by section 21 -5. <br />"Guaranteed borrower" means an owner who has executed the appropriate <br />agreements with the County of Hawai`i required by this article and whose loan with a <br />designated bank is guaranteed by the County of Hawai'i in accordance with this article. <br />"Increment" means any one of the planned sewer construction projects stated in section <br />21 -37. <br />"Owner" means: <br />(1) A person or persons, including joint tenants, tenants in common, tenants <br />by the entirety, corporations, and partnerships who hold the fee title to real <br />