HRS §206E-121
Selling or pledging loans the authority holds
The authority can sell its loans, or use them as security for other loans, as long as it follows any agreements with its revenue bond holders. This section only covers these actions and does not set specific rules or deadlines.
state agencies
The statute, as written — Loans; sale, pledge, or assignment
(a) Subject to any agreement with the holders of its revenue bonds, the authority may sell its loans at public or private sale at a price and upon terms and conditions as it determines. (b) Subject to any agreement with the holders of its revenue bonds, the authority may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements.
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