HRS §516-104
How the corporation can invest and buy back its revenue bonds
This section lets the corporation invest money it does not need right away, including bond sale proceeds, as allowed by another law. It can also buy back its own revenue bonds using available funds, then keep, cancel, or resell them. This only applies if it does not break any agreement with bondholders.
state agencies
The statute, as written — Revenue bonds; investment of proceeds and redemption
Subject to any agreement with the holders of its revenue bonds, the corporation may: (1) Invest its moneys not required for immediate use, including proceeds from the sale of any revenue bonds, in accordance with section 201H-77; and (2) Purchase its revenue bonds out of any fund or money of the corporation available therefor, and hold, cancel, or resell the revenue bonds.
Sections this one refers to
§201H-77 Investment of reserves and other funds
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