2019 Hawaii Revised Statutes
TITLE 5. STATE FINANCIAL ADMINISTRATION
39A. Special Purpose Revenue Bonds
39A-269 Special purpose revenue bonds as legal investments and lawful security.

Universal Citation: HI Rev Stat § 39A-269 (2019)

§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 banks, trust companies, savings and loan associations, insurance companies, credit unions, fiduciaries, trustees, guardians, and for all public funds of the State and its political corporations or subdivisions. The special purpose revenue bonds shall be eligible to secure the deposit of any and all public funds of the State and of the counties or other political corporations or subdivisions of the State. The bonds shall be lawful and sufficient security for such deposits to the extent of their value when accompanied by all unmatured coupons pertaining to the bonds. [L 2002, c 257, pt of §1]

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