HRS §39-112
State confirms no special assessment bonds exist
This section is a formal statement by the legislature. It certifies that the State has not issued any bonds backed only by property assessments, and no general obligation bonds for improvements paid by property owners. It is a factual declaration, not a rule for residents.
state agencies
The statute, as written — Legislative certification as to bonds issued for assessable improvements
The legislature finds, determines, and certifies that (1) there are no bonds of the State issued, the only security for which is the properties benefited or improved or the assessments thereon; and (2) there are no general obligation bonds of the State issued for improvements, the costs of which are to be assessed in whole or in part against properties benefited or improved by such improvements.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.