HRS §516-101
Rules for issuing revenue bonds for acquisition loans
The corporation can sell revenue bonds to fund acquisition loan programs, but only with the governor's approval and up to the amount the legislature allowed. The bonds are issued in the corporation's name, not the state's, and must follow certain state bond rules. They can be set to mature up to 40 years after they are issued.
state agencies
The statute, as written — Revenue bonds; authorization
(a) The corporation, with the approval of the governor, may issue from time to time revenue bonds in amounts not exceeding the total amount of bonds authorized to be issued by the legislature for the purpose of undertaking and maintaining any of the acquisition loan programs. (b) All revenue bonds shall be issued pursuant to part III of chapter 39, except as provided in this part. (c) The revenue bonds shall be issued in the name of the corporation, and not in the name of the State. The final maturity date of the revenue bonds may be any date not exceeding forty years from the date of issuance.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.