HRS §206J-13
State and counties not responsible for development corporation bonds
This section says that bonds and other debts of the development corporation are not the State's or any county's debts. The State and counties are not responsible for paying them. These debts can only be paid from the development corporation's own money or property.
countiesdevelopersstate agencies
The statute, as written — State and political subdivisions not liable on bonds
The bonds and other obligations of the development corporation (and such bonds and obligations shall so state on their face) shall not be a debt of the State or of any political subdivision; neither the State nor any political subdivision shall be liable thereon, nor in any event shall they be payable solely out of funds or properties other than those of the development corporation pledged thereto.
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