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HRS §196-68How this section follows the state bond law
Read the official text at capitol.hawaii.gov ↗This section makes sure the green infrastructure loan program follows the state's bond law. It says the green infrastructure fee and bond money count as revenues, and the department can make its own financing agreements. The department must collect the fee and use it as the law and financing orders say.
borrowersfinancial institutionsstate agencies
The statute, as written — Compliance with revenue bond law
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
For purposes of assuring conformity of and compliance with part III of chapter 39, it is determined as follows: (1) For purposes of section 39-51, " revenues " shall include the green infrastructure fee and the proceeds of green infrastructure property ; " loan program " shall include the loan program authorized under section 196-62; and "undertaking" shall include financing of the loan program through the issuance of green infrastructure revenue bonds; (2) In addition and supplemental to any covenants recognized under section 3 9-60, any resolution, certificate , or indenture approved by the department may have additional or alternative covenants as may be consistent with this chapter, and the department may enter into a trust indenture, servicing agreement , or other financing documents having terms and conditions consistent with the financing order issued under section 269- 163 ; (3) In addition and supplemental to the power to impose rate s , rentals, fees, or charges required under section 39-61, the department shall impose, adjust, and collect the green infrastructure fee as provided in section 269- 166 and the financing order issued pursuant thereto; and (4) In addition and supplemental to the uses specified in section 39-62, the green infrastructure fee shall be applied as provided in this chapter, the financing order, the certificate issued by the department , and any financing documents executed by the department in connection with the bonds.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026 Sections this one refers to
§196-62 Hawaii green infrastructure loan program
§39-51 Revenue bond definitions
§39-61 Setting fees to keep projects self-supporting
§39-62 How revenue bond money must be spent
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.