Improvement district bonds are not paid from city general funds

(a) No improvement district bonds issued under Articles 8 through 14 shall be considered to be general obligation bonds of the city for purposes of and within the meaning of HRS Chapter 47, as amended, nor shall the payment of the same be a charge against the general revenues of the city. (b) Any improvement district bonds issued under Articles 8 through 14 of this chapter shall be special obligations of the city and shall be payable solely from the moneys received by the city from the payment of assessments made under this section, the moneys attributable to the proceeds of the improvement district bonds, and from the other sources specified in Articles 8 through 14 , and shall not be payable from any other fund or source. Unless the council shall otherwise determine, the income and earnings derived from the temporary investment of the proceeds of improvement district bonds, including from any debt service reserve funds, shall be paid into the improvement district revolving fund. (c) The improvement district bonds shall not constitute a general or moral obligation of the city and the full faith and credit of the city shall not be pledged to the payment of the principal of and premium, if any, and interest on the improvement district bonds. The improvement district bonds shall not be secured directly or indirectly by the general credit of the city or by any moneys of the city other than the moneys specified in Articles 8 through 14 . No owner of any improvement district bond issued under Articles 8 through 14 shall have the right to compel any exercise of the taxing power of such city to pay debt service on the improvement district bond. )