Powers of the board
HRS §10-22
in effect10-22. Powers of the board
In addition to the powers which it now possesses, the board shall have power to:
(1) Prescribe and collect rents, fees, and charges
for the use of or services furnished by any office project or the facilities
thereof or of any loan program;
(2) Issue revenue bonds under this chapter, in such
principal amounts as may be authorized by the legislature from time to time, to
finance in whole or in part the cost of acquisition, purchase, construction,
reconstruction, improvement, betterment, extension, or maintenance of any
office project or the establishment, funding, or administration of any loan
program, including reserves therefor;
(3) Pledge to the punctual payment of such revenue
bonds and interest thereon, the revenue of the office project or projects or
loan program or programs for which the bonds have been issued, or the revenues
of the office, or both, in an amount sufficient to pay such bonds and interest
as the same become due and to create and maintain reasonable reserves therefor;
and
(4) Advance such moneys of the office, not otherwise
required, as are necessary to pay the expenses incurred in making the
preparations for the initial issuance of revenue bonds under this part, and to
take any other action necessary or proper for carrying into execution and
administering this part, including providing for the full use of office
projects or the establishment, funding, and administration of any loan program
in every way conducive to the furtherance of any or all purposes of the office.
[L 1994, c 283, pt of §2(2); am L 2009, c 146, §5; am L 2013, c 171, §4]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol01_Ch0001-0042F/HRS0010/HRS_0010-0022.htmFetched: 11/10/2026