HRS §201H-88
Borrowing for the bond volume cap recycling program
Read the official text at capitol.hawaii.gov ↗This section lets the corporation borrow money through a line of credit or similar debt, but only if the legislature approves it. The borrowing must match the two-year budget period and is used to meet federal tax rules for the bond volume cap recycling program.
state agencies
The statute, as written — Authorization to secure lines of credit or other instruments of indebtedness
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.
The corporation, subject to legislative approval, may secure a line of credit or other instrument of indebtedness to be used to meet the requirements of federal tax law for the bond volume cap recycling program; provided that the term of the authorized line of credit or other instrument of indebtedness shall correspond to each fiscal biennium budget period.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.