HRS §206E-103
Authority to issue revenue bonds for housing loans
This section lets the housing authority, with the governor's approval, sell revenue bonds to fund its housing loan programs. The bonds are issued under state bond rules, are in the authority's name, and can last up to 40 years.
borrowersstate agencies
The statute, as written — Revenue bonds; authorization
(a) The authority, with the approval of the governor, may issue from time to time revenue bonds in amounts not exceeding the total amount of bonds authorized by the legislature for the purpose of undertaking and maintaining any of the reserved housing loan programs. (b) All revenue bonds shall be issued pursuant to part III of chapter 39, except as provided in this part. (c) The revenue bonds shall be issued in the name of the authority, and not in the name of the State. The final maturity date of the revenue bonds may be any date not exceeding forty years from the date of issuance.
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