HRS §39-17
State bonds are confirmed as valid despite past errors
This section makes all past actions for borrowing money and selling state bonds legal and binding, even if there were mistakes in the process. The bonds are and will be valid debts of the state.
state agencies
The statute, as written — Validation of proceedings
All proceedings heretofore taken with respect to the contracting of general obligation bonded indebtedness and the issuance, sale, execution and delivery of general obligation bonds by or on behalf of this State, are hereby validated, ratified, approved, and confirmed, notwithstanding any defects or irregularities in any proceedings or in the issuance, execution, sale, or delivery, and the bonds so issued or to be issued are and shall be valid obligations of the State.
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