§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]
Structure Hawaii Revised Statutes
Title 13. Planning and Economic Development
206J. Aloha Tower Development Corporation
206J-3 Aloha Tower complex; designated boundaries.
206J-4 Aloha Tower development corporation; established.
206J-6 Limitations on the powers of the development corporation.
206J-9 Construction contracts.
206J-12 Bonds; bond anticipation notes.
206J-13 State and political subdivisions not liable on bonds.
206J-14 Bonds exempt from taxation.
206J-15 Bonds as legal investments and lawful security.
206J-16 Exemption from taxation of development corporation.
206J-18 Assistance by state and county agencies.