§516-101 Revenue bonds; authorization.
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/hi/chapter-516/516-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§516-101 Revenue bonds; authorization.
(a)The corporation, with the approval of the governor, may issue from time to time revenue bonds in amounts not exceeding the total amount of bonds authorized to be issued by the legislature for the purpose of undertaking and maintaining any of the acquisition loan programs.
(b)All revenue bonds shall be issued pursuant to part III of chapter 39, except as provided in this part.
(c)The revenue bonds shall be issued in the name of the corporation, and not in the name of the State. The final maturity date of the revenue bonds may be any date not exceeding forty years from the date of issuance. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]