HRS §39A-328
Special purpose revenue bonds are investment securities
Read the official text at capitol.hawaii.gov ↗This section says that special purpose revenue bonds count as investment securities under Hawaii's Uniform Commercial Code, no matter what else this part or the bonds say. The only exception is rules about registering the bonds. It is a narrow legal classification rule.
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The statute, as written — Status of special purpose revenue bonds under the Uniform Commercial Code
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all special purpose revenue bonds shall be deemed to be investment securities under the Uniform Commercial Code, chapter 490, subject only to the provisions of the special purpose revenue bonds pertaining to registration.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.