HRS §54-61
County approval and sale of water supply bonds
This section says that before the county can sell bonds for the water supply board, the county council must approve the sale. The county treasurer handles the sale and must keep the money in a special fund used only for the bond's stated purpose.
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The statute, as written — Bond sales
The sale of bonds for purposes of the board of water supply shall be subject to the approval of the council of the county; when approved by the council, the treasurer of the county shall sell any bonds that are authorized for the acquisition, construction, replacement, extension, or completion of any of the waterworks and water systems under the jurisdiction of the board of water supply; provided that the sales shall otherwise be conducted in accordance with the procedure specified by law for the sale of the bonds. The proceeds from the sales shall be kept by the county treasurer in a special fund to be used only for the purpose or purposes for which the bonds are sold.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.