Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 39a-201 — Hawaii Law | CourtGPT
  1. Home/
  2. Laws/
  3. Hawaii/
  4. Title 5 - State Financial Administration36. Management of State Funds36-1 Responsibility for Moneys/
  5. Chapter 39a/
  6. § 39a-201
Hawaii Legal Code

§ 39a-201

Ask AI about this
§39A-201 Special purpose revenue bonds not a general obligation of the State. No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of taxing power of the State to pay such bonds or the interest thereon and no moneys other than the revenues pledged to such bonds shall be applied to the payment thereof. Each special purpose revenue bond issued under this part shall recite in substance that such bond, including interest thereon, is not a general obligation of the State and is payable solely from the revenues pledged to the payment thereof, and that such bond is not secured directly or indirectly by the full faith and credit or the general credit of the State or by any revenues or taxes of the State other than the revenues specifically pledged thereto. [L 1981, c 151, pt of §2]