§206-28 State and political subdivisions not liable on bonds. The bonds and other obligations of the board of land and natural resources under this chapter (and the 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 political subdivisions shall be liable thereon, nor in any event shall they be payable out of any funds or properties other than those of the board under this chapter. The bonds shall not be considered public indebtedness within the meaning of section 12, article VII of the Constitution of the State, nor shall the bonds constitute an indebtedness within the meaning of any other debt limitation or restriction. Bonds may be issued under this chapter notwithstanding any debt or other limitation prescribed by any statute. [L 1961, c 6, §26; Supp, §98J-26; HRS §206-28]
Structure Hawaii Revised Statutes
Title 13. Planning and Economic Development
206-2 Administration of chapter.
206-3 Interested members, officers or employees.
206-5 Declaration of development areas.
206-6 Acquisition of land within a development area.
206-7 Property that shall not be acquired for development projects.
206-8 Development of lands acquired.
206-10 Restrictions on sale and use of residential lots by purchaser.
206-11 Breach, mortgaging, effect of breach, etc.
206-12 Requirement to develop.
206-13 Power to lease, pledge, or mortgage.
206-14 Cooperative agreements with other government agencies.
206-15 Hearings, witnesses, etc.
206-16 Investment of reserves.
206-18 Security for funds deposited by board.
206-20 Contracts with federal government.
206-22 Performance bond, procedure.
206-23 Exemption from taxation and assessments.
206-24 Exemption of property from execution sale.
206-26 Disclosure by private developer; public records.
206-28 State and political subdivisions not liable on bonds.
206-29 Form and sale of bonds.
206-31 Remedies of an obligee; mandamus, injunction, possessory action, receiver, accounting, etc.
206-32 Subordination of mortgage to agreement with government.
206-33 Development project bonds as legal investments.
206-34 Policy as to sale prices and rentals.
206-35 Agreement to secure federal contributions; default.
206-36 Payments to public bodies.
206-37 Conveyance, lease, or agreement in aid of development projects, purchase of bonds.
206-38 Governmental advances and donations.
206-39 Action of political subdivision by resolution.
206-41 Source of operating funds; disposition of unencumbered funds.