Hawaii Revised Statutes 342D-91 – Revenue bonds; investment of proceeds, and redemption

Subject to any agreement with the holders of its revenue bonds, the director may:

(1) Invest moneys not required for immediate use, including proceeds from the sale of any revenue bonds, funds held in reserve or sinking funds or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control. No provisions with respect to the investment of moneys or the acquisition, operation, or disposition of property by other public bodies shall be applicable to the director or department unless the legislature shall specifically so state; and

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Terms Used In Hawaii Revised Statutes 342D-91

Department: means the department of health. See Hawaii Revised Statutes 342D-1
Director: means the director of health. See Hawaii Revised Statutes 342D-1
Revolving fund: means the water pollution control revolving fund established by section 342D-83. See Hawaii Revised Statutes 342D-80

(2) Purchase revolving fund revenue bonds out of any fund or money available therefor, and hold, cancel, or resell the revenue bonds.

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Hawaii Revised Statutes 342D-91 – Revenue bonds; investment of proceeds, and redemption

Terms Used In Hawaii Revised Statutes 342D-91

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