Hawaii Revised Statutes 39b. Allocation of Private Activity Bonds
39b-1 Definitions.
Whenever used in this [chapter], unless a different meaning clearly appears from the context: "Annual state ceiling" means the principal amount of private activity...
39b-2 Allocation of Annual State Ceiling.
(a) The annual state ceiling shall be allocated for each calendar year in the following proportions: (1) An amount equal to fifty per cent...
39b-3 Application of Allocation.
The extent to which all or any part of an allocation made to a county or an issuer pursuant to section 39B-2 is applied...