Hawaii Revised Statutes 37d. Management of Financing Agreements

  • 37d-1 Definitions
    . Unless the context requires otherwise, as used in this chapter: "Agency" means the judiciary, any executive department, independent commission, board, authority, bureau, office, other...
  • 37d-2 Financing Agreements
    . (a) [Subsection effective until June 30, 2023. For subsection effective July 1, 2023, see below.] There is hereby established and authorized the financing agreement...
  • 37d-3 Related Agreements
    . With the approval of the attorney general as to form and legality, the department may, and with the approval of the attorney general as...
  • 37d-4 Inclusion of Budget Request
    . For each fiscal period, there shall be included with respect to each agency in the executive budget requests or, in the case of the...
  • 37d-5 Financing Agreements Not a General Obligation of State
    . Financing agreements shall: (1) Not be obligations for which the full faith and credit of the State, the department, or any agency are pledged;...
  • 37d-6 Federal Tax-Exempt Status; Preference; Protection
    . (a) To the extent practicable, financing agreements issued pursuant to this chapter shall be issued to comply with requirements imposed by applicable federal law...
  • 37d-7 Financing Agreements Legal Investments
    . All public officers and agencies, political subdivisions, insurance companies and associations, banks, savings banks, and savings institutions, including building or savings and loan associations,...
  • 37d-8 Exemption From Taxation
    . All real and personal property owned or operated by the State, the department, or any agency, and any interests created in or transfer or...
  • 37d-9 Line of Credit
    . The department or, with the approval of the director, an agency may contract with a financial institution for one or more lines of credit...
  • 37d-10 Litigation; Jurisdiction; Appeal
    . The director may petition the circuit court of the first circuit for an opinion as to the validity of any financing or related agreement...

Note

Chapter heading amended by L 2001, c 200, pt of 3.

Case Notes

Financing agreements entered into in accordance with this chapter are not bonds as that term is used in article VII, 12 of Hawaii constitution and thus do not count toward the debt ceiling of article VII, 13. 85 H. 1, 936 P.2d 637.

Last modified: October 27, 2016