HRS §53-30
Rules for issuing income debenture certificates
Read the official text at capitol.hawaii.gov ↗This section lets a redevelopment agency approve a company's plan to issue income debenture certificates. These certificates can pay interest up to 6% per year. The certificates and related documents may include other terms, like repayment schedules, if the agency approves them.
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The statute, as written — Income 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.
With the approval of the redevelopment agency, the articles of association, or amended articles, may authorize the issuance of income debenture certificates bearing no greater interest than six per cent a year. The income debenture certificates and any instrument under which they are issued may contain other provisions, including provisions for amortization by serial maturities, through the operation of a sinking fund or otherwise, which may be approved by the agency.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.