HRS §53-29
Minimum amount of stock and debentures
Read the official text at capitol.hawaii.gov ↗This section sets the minimum and extra amounts of stock and income debenture certificates a redevelopment corporation must issue for a project. It also allows the redevelopment agency to approve extra certificates for working capital, up to a limit based on project cost.
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The statute, as written — Minimum amount of stock and debentures
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.
Except as provided in this section the stock and income debenture certificates issued by the redevelopment corporation shall in no event be less than the total of ten per cent of the total actual final cost, as defined in [paragraph] (2) of section 53-32, of any project or projects undertaken pursuant to this part. The redevelopment agency may permit stock or income debenture certificates to be issued for working capital to be used in connection with the project to an amount not exceeding five per cent of the estimated cost, or five per cent of the total actual final cost, if that should exceed the estimated cost of a project.
Sections this one refers to
§53-32 Limits on what a redevelopment corporation can do
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.