HRS §36-23
State purchase of county bonds
This section lets the state finance director, with the governor's approval, buy county bonds, lend money to counties using those bonds as security, or accept bonds as payment for property sold to counties, if it serves the public interest.
countiesstate agencies
The statute, as written — Purchase of county bonds
The director of finance, with the approval of the governor, may purchase bonds issued by the several counties in conformity with the law, or loan money to the counties on the security of the bonds out of any funds that may be available for such purposes, or accept the bonds as payment for property sold to the counties, whenever they may deem it for the public interest so to do.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.