[§269‑165] Bonds financing order.
HRS §269-165
in effect269-165. [§269‑165] Bonds financing order.
(a)
A financing order shall remain in effect until the bonds issued under the
financing order and all financing costs related to the bonds have been paid in
full or defeased by their terms. A financing order shall remain in effect and
unabated notwithstanding the bankruptcy, reorganization, or insolvency of any
electric utility or any affiliate of the electric utility or the commencement
of any judicial or nonjudicial proceeding on the financing order.
(b) Once a financing order has become final as
provided by law, the financing order shall become irrevocable. The public
utilities commission may not directly or indirectly, except as provided in the
adjustment mechanism approved in the financing order, reduce, impair, postpone,
rescind, alter, or terminate the green infrastructure fee authorized in the
financing order or impair the green infrastructure property or the collection
of the green infrastructure fee so long as any bonds are outstanding or any
financing costs remain unpaid.
(c) Under a final financing order, the
department shall retain sole discretion to cause bonds to be issued, including
the right to defer or postpone such issuance, assignment, sale, or transfer.
[L
2013, c 211, pt of §3]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol05_Ch0261-0319/HRS0269/HRS_0269-0165.htmFetched: 11/10/2026