§206J-15 Bonds as legal investments and lawful security. Bonds issued pursuant to this chapter shall be and are declared to be legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees, guardians, and for all public funds of the State or other political corporations or subdivisions of the State. Such bonds shall be eligible to secure the deposit of any and all public funds of the State and any and all public funds of counties or other political corporations or subdivisions of the State, and such bonds shall be lawful and sufficient security for such deposits to the extent of their value when accompanied by all unmatured coupons appertaining thereto. [L 1981, c 236, pt of §1; ree L 1986, c 146, §12]
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.