§48E-18 Special purpose revenue bonds as legal investments and lawful security. The special purpose revenue bonds issued pursuant to this chapter shall be and are hereby declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, credit unions, fiduciaries, trustees, guardians, and for all public funds of the State or other political corporations or subdivisions of the State. Such special purpose revenue 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 1983, c 237, pt of §2; am L 1990, c 59, §8]
Structure Hawaii Revised Statutes
Title 6. County Organization and Administration
48E. Political Subdivision Pollution Control Special Purpose Revenue Bonds
48E-3 Compliance with state and local law.
48E-6 Issuance of special purpose revenue bonds to finance pollution control projects.
48E-7 Authorization of special purpose revenue bonds.
48E-8 Special purpose revenue bond anticipation notes.
48E-9 Powers with respect to and security for special purpose revenue bonds.
48E-10 Lien of special purpose revenue bonds.
48E-11 Special purpose revenue bonds not a general obligation of county.
48E-12 Validity of special purpose revenue bonds.
48E-13 Use of receipts derived from project agreement.
48E-14 Special purpose revenue bonds exempt from taxation.
48E-15 Exemption from taxation by county property.
48E-16 Refunding special purpose revenue bonds.
48E-17 Status of special purpose revenue bonds under Uniform Commercial Code.
48E-18 Special purpose revenue bonds as legal investments and lawful security.