HRS §173A-13
Paying the Turtle Bay bond debt
This section says the board must pay $1.5 million each year from the land conservation fund to cover the Turtle Bay bond debt until the bonds are fully paid off. The money used for this payment must go into the Turtle Bay conservation easement special fund.
state agencies
The statute, as written — Payment of debt service on the Turtle Bay reimbursable general obligation bonds
(a) The board shall be responsible for the reimbursement of debt service on the Turtle Bay reimbursable general obligation bonds from the land conservation fund in the amount of $1,500,000 per fiscal year until the bonds are fully amortized. (b) Moneys expended for the payment of debt service on the Turtle Bay reimbursable general obligation bonds shall be deposited into the Turtle Bay conservation easement special fund.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.