HRS §206E-106
Investing bond money and buying back bonds
Read the official text at capitol.hawaii.gov ↗This section lets the authority invest bond money and other funds as allowed by its trust agreement, and buy back its own revenue bonds to hold, cancel, or resell them, as long as it follows any agreements with bondholders.
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The statute, as written — Revenue bonds; investment of proceeds, and redemption
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.
Subject to any agreement with the holders of its revenue bonds, the authority may: (1) Notwithstanding any other law to the contrary, invest its moneys not required for immediate use, including proceeds from the sale of any revenue bonds, in any investment in accordance with procedures prescribed in a trust indenture; (2) Purchase its revenue bonds out of any fund or money of the authority available therefor, and hold, cancel, or resell the revenue bonds.
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