Hawaii Revised Statutes 49. Revenue Bonds
- 49-1 Definitions.
Whenever used in this chapter, unless a different meaning clearly appears from the context: "Board" means any department or board of a county authorized...
- 49-2 Declaration of Policy.
It is declared to be the policy of the State that any county acquiring, purchasing, constructing, reconstructing, improving, bettering, or extending an undertaking or...
- 49-3 Additional Powers of Counties.
(a) In addition to the powers that it may now have, any county under this chapter may: (1) Construct, acquire by gift, purchase, or...
- 49-4 Authorization of Undertaking, Loan Program and Revenue Bonds; Details of Revenue Bonds.
(a) The acquisition, purchase, construction, reconstruction, improvement, betterment, or extension of any undertaking or the establishment and administration of a loan program may be...
- 49-5 Sale of Revenue Bonds.
(a) The director of finance may make such arrangements as may be necessary or proper for the sale of each issue of revenue bonds...
- 49-6 Form and Execution of Revenue Bonds.
(a) Revenue bonds issued under this chapter shall be in such form as the governing body may determine, shall be lithographed or engraved, shall...
- 49-7 Cusip Numbers.
The governing body issuing revenue bonds pursuant to this chapter, in its discretion, may provide that CUSIP identification numbers shall be imprinted on the...
- 49-8 Support Facility for Variable Rate Revenue Bonds.
If revenue bonds issued pursuant to this chapter are issued bearing interest at a rate or rates which vary from time to time and...
- 49-9 Covenants in Resolution Authorizing Issuance of Revenue Bonds.
Any resolution or resolutions authorizing the issuance of revenue bonds under this chapter may contain covenants including but not limited to: (1) The purpose...
- 49-10 Rates, Rentals, Fees and Charges; Undertakings and Loan Programs to Be Self-Sustaining.
The governing body issuing revenue bonds pursuant to this chapter shall impose, prescribe and collect, or authorize and require the imposition, prescription and collection...
- 49-11 Use of Revenue and User Taxes of Undertaking or Loan Program.
Whenever any revenue bonds have been issued under this chapter for an undertaking or a loan program, the revenue, or the user taxes, or...
- 49-12 Lien and Charge of Revenue Bonds.
Unless otherwise provided in the resolution or resolutions, all revenue bonds of the same issue, subject to the prior and superior rights of outstanding...
- 49-13 Revenue Bonds Not a General or Moral Obligation of the County.
Unless otherwise provided in this section, revenue bonds issued under this chapter shall be payable solely from and secured by the revenue, or the...
- 49-14 Undertaking, Loan Program, and Revenue Bonds Exempt From Taxation.
So long as the county owns any undertaking or administers a loan program, the property and revenue of the undertaking or loan program shall...
- 49-15 Federal Tax-Exempt Status; Preference; Protection.
Revenue bonds issued under this chapter, to the extent practicable, shall be issued so as to comply with requirements imposed by valid federal law...
- 49-16 Revenue Bonds Legal Investments.
All public officers and bodies of the State, all political subdivisions, all insurance companies and associations, all banks, savings banks, and savings institutions, including...
- 49-17 Duties of the Director of Finance.
(a) The director of finance shall be the fiscal agent for the payment of all principal and interest, and for the transfer of revenue...
- 49-18 Investment of Reserves, Etc.
The director of finance may invest any money held as reserves or in sinking funds or not required for immediate disbursement, including proceeds of...
- 49-19 Bond Anticipation Notes.
In anticipation of the issuance under this chapter of revenue bonds theretofore authorized by the governing body for an undertaking or a loan program...
- 49-20 Refunding Revenue Bonds.
Whenever the county has any outstanding revenue bonds or general obligation bonds issued for an undertaking or loan program pursuant to section 47-4, and...
- 49-21 General Laws Applicable.
The provisions of part III of chapter 47, relating to lost, stolen, destroyed, or defaced bonds, and to lost, stolen, destroyed, or defaced coupons,...
- 49-22 Consent of Another County.
No county shall construct an undertaking or administer a loan program wholly or partly within the corporate limits of another county except with the...
- 49-23 Consent of State Agencies.
It shall not be necessary for any county proceeding under this chapter to obtain any certificate of convenience or necessity, franchise, license, permit, or...
- 49-24 Validation of Proceedings.
All proceedings heretofore taken with respect to the contracting of revenue bonded indebtedness and the issuance, sale, execution, and delivery of revenue bonds by...
- 49-25 Construction of Chapter.
The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law or charter. The undertaking...
Last modified: October 27, 2016