HRS §342D-90
Bond amount can include program costs
This section lets the director decide how much to borrow by issuing bonds for water pollution loan programs. The bond amount can cover program costs, including studies, fees, services, and interest for up to one year after projects finish. It does not require anyone to do anything.
everyone
The statute, as written — Revenue bonds; amount issued
The director may include the costs of undertaking, administering, operating, and maintaining the water pollution control loan programs for which the bonds are issued in determining the principal amount of bonds to be issued. In determining the cost of undertaking, administering, operating, and maintaining the loan programs, the director may include the cost of studies and surveys; insurance premiums; underwriting fees; financial consultants, legal, accounting, and other services incurred; reserve account, trustee, custodian, and rating agency fees; and interest on the bonds for a period not to exceed one year beyond the estimated completion of the loan projects for which the bonds are issued.
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