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Code · Hawaii · Hawaii Revised Statutes

§206J-13 State and political subdivisions not liable on bonds.

89 words·~1 min read·/hi/206j-13

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§206J-13 State and political subdivisions not liable on bonds. The bonds and other obligations of the development corporation (and such bonds and obligations shall so state on their face) shall not be a debt of the State or of any political subdivision; neither the State nor any political subdivision shall be liable thereon, nor in any event shall they be payable solely out of funds or properties other than those of the development corporation pledged thereto. [L 1981, c 236, pt of §1; ree L 1986, c 146, §10]
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