§10-30 Payment and security of revenue bonds; revenue bonds not a debt of the State. Revenue bonds issued under this part shall be payable from and secured solely by the revenues of the office project or projects, the revenues of the loan program or programs, or revenues of the office pledged to the payment thereof, or both, and those revenues shall be applied to the payment in accordance with the provisions of this part and the resolution or resolutions authorizing the issuance of the revenue bonds. No holder or holders of any revenue bonds issued under this part shall have the right to compel any exercise of the taxing power of the State or the making of any appropriation to pay the revenue bonds, or interest thereon. Each revenue bond shall recite in substance that the revenue bond, including interest thereon, is payable solely from and secured by the revenue pledged to the payment thereof, and that the bond does not constitute a general or moral obligation or indebtedness of the State within the meaning of any law. [L 1994, c 283, pt of §2(2); am L 2009, c 146, §8; am L 2013, c 171, §10]
Structure Hawaii Revised Statutes
10. Office of Hawaiian Affairs
10-4 Office of Hawaiian affairs; established; general powers.
10-4.5 Authority over disbursements
10-5 Board of trustees; powers and duties.
10-6 General duties of the board.
10-8 Organization; quorum; meeting.
10-9 Salaries; benefit; expenses.
10-9.5 Salary commission; established.
10-10 Administrator; appointment, tenure, removal.
10-11 Salary of the administrator.
10-13 Appropriations; accounts; reports.
10-13.5 Use of public land trust proceeds.
10-17 Grants; conditions and qualifications.
10-18 Hui `Imi advisory council.
10-23 Authorization of office projects and loan programs; issuance of revenue bonds.
10-24 Revenue bond anticipation notes.
10-25.1 Federal tax-exempt status; preference; protection.
10-27 Covenants in resolution authorizing revenue bonds.
10-30 Payment and security of revenue bonds; revenue bonds not a debt of the State.
10-31 Office of Hawaiian affairs projects and loan programs to be self-supporting.
10-32 Office of Hawaiian affairs projects, loan programs, and bonds exempt from taxation.
10-33 Powers herein, additional to other powers.
10-34 Funding and refunding bonds; authorization and purpose.
10-35 Funding and refunding bonds; principal amount.
10-36 Limitation of authority.