Hawaii Revised Statutes 39a. Special Purpose Revenue Bonds

PART I. GENERAL PROVISIONS

• 39a-1 Statement on Special Purpose Revenue Bonds.
  The governor shall transmit to the legislature on or before November 30 of each year a report on special purpose revenue bonds, defined in...
• 39a-2 Public Work Project; Issuance of Special Purpose Revenue Bonds; Report to Department of Labor and Industrial Relations Required.
  Any issuance of special purpose revenue bonds pursuant to this chapter for a public work project that is subject to chapter 104, but not...

PART II. ASSISTING NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE
HEALTH CARE FACILITIES TO THE GENERAL PUBLIC

• 39a-31 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Health care...
• 39a-32 Department Powers As to Health Care Facilities.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this...
• 39a-33 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user...
• 39a-34 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) The department, prior to entering into negotiations with any project party, shall require that the project party shall agree to pay all fees,...
• 39a-35 Project Agreement.
  No special purpose revenue bonds shall be issued unless at the time of issuance the department shall have entered into a project agreement with...
• 39a-36 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  In addition to the other powers which it may otherwise have, the department may issue special purpose revenue bonds to finance or refinance, the...
• 39a-37 Authorization of Special Purpose Revenue Bonds.
  (a) Special purpose revenue bonds for each single project or multiproject program for health care facilities provided to the general public by not-for-profit corporations...
• 39a-38 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department shall have authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the...
• 39a-39 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  In order to secure the payment of any of the special purpose revenue bonds issued pursuant to this part, and interest thereon, or in...
• 39a-40 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project...
• 39a-41 Special Purpose Revenue Bonds Not a General Obligation of State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of...
• 39a-42 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers in office on the date of the signing thereof shall be...
• 39a-43 Use of Revenues Derived From Project Agreement.
  The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for...
• 39a-44 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state, county, and municipal taxation except...
• 39a-44.5 Federal Tax Exempt Status.
  Special purpose revenue bonds issued pursuant to this part, to the extent practicable, shall be issued to comply with requirements imposed by applicable federal...
• 39a-45 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining thereto shall be exempt from all state, county, and...
• 39a-46 Refunding Special Purpose Revenue Bonds.
  The legislature, by act enacted by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance...
• 39a-47 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all such special...
• 39a-48 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be and are declared to be legal and authorized investments for banks, savings...
• 39a-49 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to its financial records. Upon the request...
• 39a-50 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special...
• 39a-51 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions...
• 39a-52 Repealed.
  L 2002, c 100, §1.

PART III. ASSISTING MANUFACTURING ENTERPRISES

• 39a-71 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Project" means...
• 39a-72 Department Powers As to Manufacturing Enterprises.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this...
• 39a-73 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user...
• 39a-74 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) The department, prior to entering into negotiations with respect to a project agreement or at any time during the negotiations, shall require that...
• 39a-75 Project Agreement.
  No special purpose revenue bonds shall be issued unless at the time of issuance the department shall have entered into a project agreement with...
• 39a-76 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  In addition to the other powers which it may otherwise have, the department may issue special purpose revenue bonds to finance, in whole or...
• 39a-77 Authorization of Special Purpose Revenue Bonds.
  (a) Special purpose revenue bonds for each project or multiproject program shall be authorized by a separate act of the legislature, by an affirmative...
• 39a-78 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department has authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the department...
• 39a-79 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  In order to secure the payment of any of the special purpose revenue bonds issued pursuant to this part, and interest thereon, or in...
• 39a-80 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project...
• 39a-81 Special Purpose Revenue Bonds Not a General Obligation of State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of...
• 39a-82 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers in office on the date of the signing thereof shall be...
• 39a-83 Use of Revenues Derived From Project Agreement.
  The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for...
• 39a-84 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state and county taxation except inheritance,...
• 39a-84.5 Federal Tax Exempt Status.
  Special purpose revenue bonds issued pursuant to this part, to the extent practicable, shall be issued to comply with requirements imposed by applicable federal...
• 39a-85 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining thereto shall be exempt from all state and county...
• 39a-86 Refunding Special Purpose Revenue Bonds.
  The legislature, by act enacted by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance...
• 39a-87 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all such special...
• 39a-88 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be legal and authorized investments for banks, savings banks, trust companies, savings and...
• 39a-89 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to the project party's financial records. Upon...
• 39a-90 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special...
• 39a-91 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions...

PART IV. ASSISTING PROCESSING ENTERPRISES

• 39a-111 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Project" means...
• 39a-112 Department Powers As to Processing Enterprises.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this...
• 39a-113 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user...
• 39a-114 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) The department, prior to entering into negotiations with respect to a project agreement or at any time during negotiations, shall require that as...
• 39a-115 Project Agreement.
  No special purpose revenue bonds shall be issued unless at the time of issuance the department shall have entered into a project agreement with...
• 39a-116 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  (a) In addition to the other powers which it may otherwise have, the department may issue special purpose revenue bonds to finance, in whole...
• 39a-117 Authorization of Special Purpose Revenue Bonds.
  (a) Special purpose revenue bonds for each project or multiproject program shall be authorized by a separate act of the legislature, by an affirmative...
• 39a-118 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department has authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the department...
• 39a-119 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  In order to secure the payment of any of the special purpose revenue bonds issued pursuant to this part, and interest thereon, or in...
• 39a-120 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project...
• 39a-121 Special Purpose Revenue Bonds Not a General Obligation of State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of...
• 39a-122 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers in office on the date of the signing thereof shall be...
• 39a-123 Use of Revenues Derived From Project Agreement.
  The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for...
• 39a-124 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state and county taxation except inheritance,...
• 39a-124.5 Federal Tax Exempt Status.
  Special purpose revenue bonds issued pursuant to this part, to the extent practicable, shall be issued to comply with requirements imposed by applicable federal...
• 39a-125 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining thereto shall be exempt from all state and county...
• 39a-126 Refunding Special Purpose Revenue Bonds.
  The legislature, by act enacted by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance...
• 39a-127 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all such special...
• 39a-128 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be legal and authorized investments for banks, savings banks, trust companies, savings and...
• 39a-129 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to the project party's financial records. Upon...
• 39a-130 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special...
• 39a-131 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions...

PART V. ASSISTING INDUSTRIAL ENTERPRISES

• 39a-151 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Project" means...
• 39a-152 Department Powers As to Industrial Enterprises.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this...
• 39a-153 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user...
• 39a-154 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) The department, prior to entering into negotiations with respect to a project agreement or at any time during negotiations, shall require that as...
• 39a-155 Project Agreement.
  No special purpose revenue bonds shall be issued unless at the time of issuance the department shall have entered into a project agreement with...
• 39a-156 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  In addition to the other powers which it may otherwise have, the department may issue special purpose revenue bonds to finance, in whole or...
• 39a-157 Authorization of Special Purpose Revenue Bonds.
  (a) Special purpose revenue bonds for each project or multiproject program shall be authorized by a separate act of the legislature, by an affirmative...
• 39a-158 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department has authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the department...
• 39a-159 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  In order to secure the payment of any of the special purpose revenue bonds issued pursuant to this part, and interest thereon, or in...
• 39a-160 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project...
• 39a-161 Special Purpose Revenue Bonds Not a General Obligation of State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of...
• 39a-162 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers in office on the date of the signing thereof shall be...
• 39a-163 Use of Revenues Derived From Project Agreement.
  The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for...
• 39a-164 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state and county taxation except inheritance,...
• 39a-164.5 Federal Tax Exempt Status.
  Special purpose revenue bonds issued pursuant to this part, to the extent practicable, shall be issued to comply with requirements imposed by applicable federal...
• 39a-165 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining thereto shall be exempt from all state and county...
• 39a-166 Refunding Special Purpose Revenue Bonds.
  The legislature, by act enacted by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance...
• 39a-167 Status of Special Purpose Revenue Bonds Under the Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all such special...
• 39a-168 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be legal and authorized investments for banks, savings banks, trust companies, savings and...
• 39a-169 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to the project party's financial records. Upon...
• 39a-170 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special...
• 39a-171 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions...

PART VI. ASSISTING UTILITIES SERVING THE GENERAL
PUBLIC IN PROVIDING ELECTRIC ENERGY, GAS,
OR TELECOMMUNICATIONS

• 39a-191 Definitions.
  Part heading amended by L 2012, c 242, §1. §39A-191 Definitions. Whenever used in this part, unless a different meaning clearly appears from the...
• 39a-192 Department Powers As to Projects.
  Part heading amended by L 2012, c 242, §1. §39A-192 Department powers as to projects. In addition to powers that it may now have,...
• 39a-193 Compliance With State and Local Law.
  Part heading amended by L 2012, c 242, §1. §39A-193 Compliance with state and local law. The financing of any project under this part...
• 39a-194 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  Part heading amended by L 2012, c 242, §1. §39A-194 Conditions precedent to negotiating and entering into a project agreement. (a) The department, prior...
• 39a-195 Project Agreement.
  Part heading amended by L 2012, c 242, §1. §39A-195 Project agreement. No special purpose revenue bonds shall be issued unless at the time...
• 39a-196 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  Part heading amended by L 2012, c 242, §1. §39A-196 Issuance of special purpose revenue bonds to finance projects. In addition to the other...
• 39a-197 Authorization of Special Purpose Revenue Bonds.
  Part heading amended by L 2012, c 242, §1. §39A-197 Authorization of special purpose revenue bonds. (a) Special purpose revenue bonds for each single...
• 39a-198 Special Purpose Revenue Bond Anticipation Notes.
  Part heading amended by L 2012, c 242, §1. §39A-198 Special purpose revenue bond anticipation notes. Whenever the department authorizes the issuance of special...
• 39a-199 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  Part heading amended by L 2012, c 242, §1. §39A-199 Powers with respect to and security for special purpose revenue bonds. To secure the...
• 39a-200 Security for Special Purpose Revenue Bonds.
  Part heading amended by L 2012, c 242, §1. §39A-200 Security for special purpose revenue bonds. Special purpose revenue bonds shall be payable solely...
• 39a-201 Special Purpose Revenue Bonds Not a General Obligation of the State.
  Part heading amended by L 2012, c 242, §1. §39A-201 Special purpose revenue bonds not a general obligation of the State. No holder or...
• 39a-202 Validity of Special Purpose Revenue Bonds.
  Part heading amended by L 2012, c 242, §1. §39A-202 Validity of special purpose revenue bonds. The special purpose revenue bonds bearing the signature...
• 39a-203 Use of Revenues Derived From Project Agreement.
  Part heading amended by L 2012, c 242, §1. §39A-203 Use of revenues derived from project agreement. The department shall have the right to...
• 39a-204 Special Purpose Revenue Bonds Exempt From Taxation.
  Part heading amended by L 2012, c 242, §1. §39A-204 Special purpose revenue bonds exempt from taxation. Special purpose revenue bonds and the income...
• 39a-204.5 Federal Tax Exempt Status.
  Part heading amended by L 2012, c 242, §1. [§39A-204.5] Federal tax exempt status. Special purpose revenue bonds issued pursuant to this part, to...
• 39a-205 Exemption From Taxation of Department Property.
  Part heading amended by L 2012, c 242, §1. §39A-205 Exemption from taxation of department property. All revenues derived by the department from any...
• 39a-206 Refunding Special Purpose Revenue Bonds.
  Part heading amended by L 2012, c 242, §1. §39A-206 Refunding special purpose revenue bonds. The legislature, by act enacted by an affirmative vote...
• 39a-207 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Part heading amended by L 2012, c 242, §1. §39A-207 Status of special purpose revenue bonds under Uniform Commercial Code. Notwithstanding any of the...
• 39a-208 Treatment of Special Purpose Revenue Bonds in Regulatory Proceedings.
  Part heading amended by L 2012, c 242, §1. §39A-208 Treatment of special purpose revenue bonds in regulatory proceedings. (a) In the setting of...
• 39a-209 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  Part heading amended by L 2012, c 242, §1. §39A-209 Special purpose revenue bonds as legal investments and lawful security. The special purpose revenue...
• 39a-210 Construction of This Part.
  Part heading amended by L 2012, c 242, §1. §39A-210 Construction of this part. The powers conferred by this part shall be in addition...
• 39a-211 Repealed.
  Part heading amended by L 2012, c 242, §1. §39A-211 REPEALED. L 1992, c 228, §6.

PART VII. ASSISTING NOT-FOR-PROFIT CORPORATIONS
THAT PROVIDE EARLY CHILDHOOD EDUCATION
AND CARE FACILITIES SERVING THE GENERAL PUBLIC

• 39a-221 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Early childhood...
• 39a-222 Department Powers As to Early Childhood Education and Care Facilities.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this...
• 39a-223 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user...
• 39a-224 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) The department, prior to entering into negotiations with any project party, shall require that the project party shall agree to pay all fees,...
• 39a-225 Project Agreement.
  No special purpose revenue bonds shall be issued unless at the time of issuance the department shall have entered into a project agreement with...
• 39a-226 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  In addition to the other powers which it may otherwise have, the department may issue special purpose revenue bonds to finance or refinance, the...
• 39a-227 Authorization of Special Purpose Revenue Bonds.
  (a) Special purpose revenue bonds for each single project or multi-project program for early childhood education and care facilities serving the general public shall...
• 39a-228 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department shall have authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the...
• 39a-229 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  In order to secure the payment of any of the special purpose revenue bonds issued pursuant to this part, and interest thereon, or in...
• 39a-230 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project...
• 39a-231 Special Purpose Revenue Bonds Not a General Obligation of the State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of...
• 39a-232 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers on the date of the signing thereof shall be valid and...
• 39a-233 Use of Revenues Derived From Project Agreement.
  The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for...
• 39a-234 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state, county, and municipal taxation except...
• 39a-235 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining thereto shall be exempt from all state, county, and...
• 39a-236 Refunding Special Purpose Revenue Bonds.
  The legislature, by act enacted by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance...
• 39a-237 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all such special...
• 39a-238 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be and are declared to be legal and authorized investments for banks, savings...
• 39a-239 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to its financial records. Upon the request...
• 39a-240 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special...
• 39a-241 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions...
• 39a-242 Sunset Provision.
  After June 30, 2015, no new special purpose revenue bonds shall be issued under this part. [L 1994, c 280, pt of §6]

PART VIII. ASSISTING NOT-FOR-PROFIT PRIVATE NONSECTARIAN AND
SECTARIAN ELEMENTARY SCHOOLS, SECONDARY SCHOOLS, COLLEGES, AND
UNIVERSITIES SERVING THE GENERAL PUBLIC

• 39a-251 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Project agreement"...
• 39a-252 Department Powers As to Private Nonsectarian and Sectarian Elementary Schools, Secondary Schools, Colleges, and Universities.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this...
• 39a-253 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user...
• 39a-254 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) Prior to entering into negotiations with any project party, the department shall require that the project party shall agree to pay all fees,...
• 39a-255 Project Agreement.
  No special purpose revenue bonds shall be issued unless, at the time of issuance, the department shall have entered into a project agreement with...
• 39a-256 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  In addition to the other powers that it may otherwise have, the department may issue special purpose revenue bonds to finance or refinance the...
• 39a-257 Authorization of Special Purpose Revenue Bonds.
  (a) Special purpose revenue bonds for each single project or multi-project program for not-for-profit private nonsectarian and sectarian elementary schools, secondary schools, colleges, and...
• 39a-258 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department shall have authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the...
• 39a-259 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  To secure the payment of any of the special purpose revenue bonds issued pursuant to this part, including interest on the bonds, or in...
• 39a-260 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project...
• 39a-261 Special Purpose Revenue Bonds Not a General Obligation of the State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of the...
• 39a-262 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers on the date of the signing of the bonds shall be...
• 39a-263 Use of Revenues Derived From Project Agreement.
  The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for...
• 39a-264 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income derived from the bonds issued pursuant to this part shall be exempt from all state, county, and...
• 39a-265 Federal Tax-Exempt Status.
  To the extent practicable, special purpose revenue bonds issued pursuant to this part shall be issued to comply with requirements imposed by applicable federal...
• 39a-266 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining to it shall be exempt from all state, county,...
• 39a-267 Refunding Special Purpose Revenue Bonds.
  The legislature, by an act passed by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the...
• 39a-268 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all special purpose...
• 39a-269 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be and are declared to be legal and authorized investments for banks, savings...
• 39a-270 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to its financial records. Upon the request...
• 39a-271 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special...
• 39a-272 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions...

PART IX. ASSISTING NOT-FOR-PROFIT PRIVATE ORGANIZATIONS,
FOR-PROFIT PRIVATE ORGANIZATIONS, AND PUBLIC
INSTRUMENTALITIES AND THEIR QUALIFIED AFFILIATES IN
THE DEVELOPMENT OF LOW- AND MODERATE-INCOME HOUSING

• 39a-281 Definitions.
  Whenever used in this part, unless a different meaning clearly appears from the context: "Department" means the department of budget and finance. "Low- and moderate-income...
• 39a-282 Department Powers in the Development of Low- and Moderate-Income Housing.
  In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this part....
• 39a-283 Compliance With State and Local Law.
  The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user of...
• 39a-284 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  (a) Prior to entering into negotiations with any project party, the department shall require that the project party shall agree to pay all fees,...
• 39a-285 Project Agreement.
  No special purpose revenue bonds shall be issued unless, at the time of issuance, the department shall have entered into a project agreement with...
• 39a-286 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  In addition to the other powers that it may otherwise have, the department may issue special purpose revenue bonds to finance or refinance the costs...
• 39a-287 Authorization of Special Purpose Revenue Bonds.
  (a) The department, with the approval of the governor, may issue special purpose revenue bonds for each single project or multi-project program for not-for-profit private...
• 39a-288 Special Purpose Revenue Bond Anticipation Notes.
  Whenever the department shall have authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the department...
• 39a-289 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  To secure the payment of any of the special purpose revenue bonds issued pursuant to this part, including interest on the bonds, or in connection...
• 39a-290 Security for Special Purpose Revenue Bonds.
  Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project agreement,...
• 39a-291 Special Purpose Revenue Bonds Not a General Obligation of the State.
  No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of the...
• 39a-292 Validity of Special Purpose Revenue Bonds.
  The special purpose revenue bonds bearing the signature or facsimile signature of officers on the date of the signing of the bonds shall be valid...
• 39a-293 Use of Revenues Derived From Project Agreement.
  The department may appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for the following purposes: (1) To...
• 39a-294 Special Purpose Revenue Bonds Exempt From Taxation.
  Special purpose revenue bonds and the income derived from the bonds issued pursuant to this part shall be exempt from all state, county, and municipal...
• 39a-295 Federal Tax-Exempt Status.
  To the extent practicable, special purpose revenue bonds issued pursuant to this part shall be issued to comply with requirements imposed by applicable federal law...
• 39a-296 Exemption From Taxation of Department Property.
  All revenues derived by the department from any project or under the project agreement pertaining to it shall be exempt from all state, county, and...
• 39a-297 Refunding Special Purpose Revenue Bonds.
  The legislature, by an act passed by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance...
• 39a-298 Status of Special Purpose Revenue Bonds Under Uniform Commercial Code.
  Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all special purpose revenue...
• 39a-299 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  The special purpose revenue bonds issued pursuant to this part shall be and are declared to be legal and authorized investments for banks, savings banks,...
• 39a-300 Access to and Public Disclosure of Financial Records of Project Party.
  (a) Each project party with a project agreement with the department shall allow the department full access to its financial records. Upon the request of...
• 39a-301 Estimate of Benefits.
  (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special purpose...
• 39a-302 Construction of This Part.
  The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions of...

PART X. ASSISTING AGRICULTURAL ENTERPRISES SERVING
IMPORTANT AGRICULTURAL LANDS
Part heading effective until ratification of constitutional amendments.
PART X. ASSISTING AGRICULTURAL ENTERPRISES
Part heading effective after ratification of constitutional amendments.

• 39a-311 Definitions.
  Part heading amended by L 2014, c 103, §1. §39A-311 Definitions. Whenever used in this part, unless a different meaning clearly appears from the...
• 39a-312 Department Powers As to Agricultural Enterprises.
  Part heading amended by L 2014, c 103, §1. §39A-312 Department powers as to agricultural enterprises. In addition to powers that it may now...
• 39a-313 Compliance With State and Local Law.
  Part heading amended by L 2014, c 103, §1. [§39A-313] Compliance with state and local law. The issuance of special purpose revenue bonds with...
• 39a-314 Conditions Precedent to Negotiating and Entering Into a Project Agreement.
  Part heading amended by L 2014, c 103, §1. §39A-314 Conditions precedent to negotiating and entering into a project agreement. (a) Prior to entering...
• 39a-315 Project Agreement.
  Part heading amended by L 2014, c 103, §1. §39A-315 Project agreement. No special purpose revenue bonds shall be issued unless at the time...
• 39a-316 Issuance of Special Purpose Revenue Bonds to Finance Projects.
  Part heading amended by L 2014, c 103, §1. §39A-316 Issuance of special purpose revenue bonds to finance projects. In addition to the other...
• 39a-317 Authorization of Special Purpose Revenue Bonds.
  Part heading amended by L 2014, c 103, §1. [§39A-317] Authorization of special purpose revenue bonds. (a) Special purpose revenue bonds for each project...
• 39a-318 Special Purpose Revenue Bond Anticipation Notes.
  Part heading amended by L 2014, c 103, §1. [§39A-318] Special purpose revenue bond anticipation notes. Whenever the department has authorized the issuance of...
• 39a-319 Powers With Respect to and Security for Special Purpose Revenue Bonds.
  Part heading amended by L 2014, c 103, §1. [§39A-319] Powers with respect to and security for special purpose revenue bonds. To secure the...
• 39a-320 Security for Special Purpose Revenue Bonds.
  Part heading amended by L 2014, c 103, §1. [§39A-320] Security for special purpose revenue bonds. Special purpose revenue bonds shall be payable solely...
• 39a-321 Special Purpose Revenue Bonds Not a General Obligation of the State.
  Part heading amended by L 2014, c 103, §1. [§39A-321] Special purpose revenue bonds not a general obligation of the State. No holder or...
• 39a-322 Validity of Special Purpose Revenue Bonds.
  Part heading amended by L 2014, c 103, §1. [§39A-322] Validity of special purpose revenue bonds. The special purpose revenue bonds bearing the signature...
• 39a-323 Use of Revenues Derived From Project Agreement.
  Part heading amended by L 2014, c 103, §1. [§39A-323] Use of revenues derived from project agreement. The department shall have the right to...
• 39a-324 Special Purpose Revenue Bonds Exempt From Taxation.
  Part heading amended by L 2014, c 103, §1. [§39A-324] Special purpose revenue bonds exempt from taxation. Special purpose revenue bonds and the income...
• 39a-325 Federal Tax Exempt Status.
  Part heading amended by L 2014, c 103, §1. [§39A-325] Federal tax exempt status. To the extent practicable, special purpose revenue bonds issued pursuant...
• 39a-326 Exemption From Taxation of Department Property.
  Part heading amended by L 2014, c 103, §1. [§39A-326] Exemption from taxation of department property. All revenues derived by the department from any...
• 39a-327 Refunding Special Purpose Revenue Bonds.
  Part heading amended by L 2014, c 103, §1. [§39A-327] Refunding special purpose revenue bonds. By act enacted by an affirmative vote of two-thirds...
• 39a-328 Status of Special Purpose Revenue Bonds Under the Uniform Commercial Code.
  Part heading amended by L 2014, c 103, §1. [§39A-328] Status of special purpose revenue bonds under the Uniform Commercial Code. Notwithstanding any of...
• 39a-329 Special Purpose Revenue Bonds As Legal Investments and Lawful Security.
  Part heading amended by L 2014, c 103, §1. [§39A-329] Special purpose revenue bonds as legal investments and lawful security. Special purpose revenue bonds...
• 39a-330 Access to and Public Disclosure of Financial Records of Project Party.
  Part heading amended by L 2014, c 103, §1. [§39A-330] Access to and public disclosure of financial records of project party. (a) Each project...
• 39a-331 Estimate of Benefits.
  Part heading amended by L 2014, c 103, §1. [§39A-331] Estimate of benefits. (a) Each project party with a project agreement with the department...
• 39a-332 Construction of This Part.
  Part heading amended by L 2014, c 103, §1. [§39A-332] Construction of this part. The powers conferred by this part shall be in addition...

Last modified: October 27, 2016