HRS §304A-2687
Approving past bond actions despite mistakes
This section makes all past steps the board took to borrow money and issue revenue bonds legal and valid, even if there were errors in the process. The bonds are official debts of the board.
The statute, as written — Validation of proceedings
All proceedings taken with respect to the contracting of revenue bonded indebtedness and the issuance, sale, execution, and delivery of revenue bonds by the board are deemed validated, ratified, approved, and confirmed, notwithstanding any defects or irregularities in any proceedings or in the issuance, execution, sale, or delivery. The revenue bonds so issued or to be issued are and shall be valid obligations of the board.
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