HRS §342D-92
Trustee for revenue bonds
This section lets the director pick a trustee for each group of revenue bonds tied to the same agreement. The trustee can have the duties allowed by state law, as the director thinks necessary. It is a short, procedural rule about who handles the bonds.
state agencies
The statute, as written — Trustee; designation; duties
The director may designate a trustee for each issue of revenue bonds secured under the same indenture; provided that the trustee may be approved by the director of finance. The trustee may have any duties and functions authorized by part III of chapter 39, as deemed necessary, advisable, or expedient by the director for the purposes of this part.
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