reglab/housing_qa huggingface dataset:
HI Rev Stat § 39A-232 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-232 Validity of special purpose revenue bonds.

 §39A-232 Validity of special purpose revenue bonds. The special purpose revenue bonds bearing the signature or facsimile signature of officers on the date of the signing thereof shall be valid and sufficient for all purposes, notwithstanding that before the delivery thereof and payment therefor all the persons whose signatures appear thereon shall have ceased to be officers of the department. The special purpose revenue bonds shall contain a recital that they are issued pursuant to this part, which recital shall be conclusive evidence of their validity and of the regularity of their issuance. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-233 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-233 Use of revenues derived from project agreement.

 §39A-233 Use of revenues derived from project agreement. The department shall have the right to appropriate, apply, or expend the revenues derived with respect to the project agreement for a project for the following purposes:  (1) To pay when due all special purpose revenue bonds, premium, if any, and interest thereon, for the payment of which the revenues are or have been pledged, charged, or otherwise encumbered, including reserves therefor; and  (2) To the extent not paid by the project party to provide for all expenses of administration, operation, and maintenance of the project, including reserves therefor. Unless and until adequate provision has been made for the foregoing purposes, the department shall not transfer the revenues derived from the project agreement to the general fund of the State. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-234 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-234 Special purpose revenue bonds exempt from taxation.

 §39A-234 Special purpose revenue bonds exempt from taxation. Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state, county, and municipal taxation except inheritance, transfer, and estate taxes. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-235 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-235 Exemption from taxation of department property.

 §39A-235 Exemption from taxation of department property. All revenues derived by the department from any project or under the project agreement pertaining thereto shall be exempt from all state, county, and municipal taxation. Any right, title, and interest of the department in any project shall also be exempt from all state, county, and municipal taxation. Except as otherwise provided by law, the interest of the project party or user of such project in a project or under the project agreement or related agreement shall not be exempt from taxation to a greater extent than it would be if the costs of the project were directly financed by the project party or other user. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-236 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-236 Refunding special purpose revenue bonds.

 §39A-236 Refunding special purpose revenue bonds. The legislature, by act enacted by an affirmative vote of two-thirds of the members to which each house is entitled, may authorize the issuance of refunding special purpose revenue bonds for the purpose of refunding any special purpose revenue bonds then outstanding and issued under this part, whether or not such outstanding special purpose revenue bonds have matured or are then subject to redemption. The legislature is further authorized to provide, by act finally enacted by an affirmative vote of two-thirds of the members to which each house is entitled, for the issuance of a single issue of special purpose revenue bonds for the combined purposes of (1) financing or refinancing the cost of a project or improvement or expansion thereof, and (2) refunding special purpose revenue bonds which shall theretofore have been issued under this part and shall then be outstanding, whether or not such outstanding special purpose revenue bonds have matured or are then subject to redemption. Nothing in this section shall require or be deemed to require the legislature to elect to redeem or prepay special purpose revenue bonds being refunded, or to redeem or prepay special purpose revenue bonds being refunded which were issued in the form customarily known as term bonds in accordance with any sinking fund installment schedule specified in any law authorizing the issuance thereof, or, in the event the department elects to redeem or prepay any such bonds, to redeem or prepay as of any particular date or dates. The issuance of such special purpose revenue bonds, the maturities and other details thereof, and the rights and remedies of the holders thereof, and the rights, powers, privileges, duties, and obligations of the department with respect to the same, shall be governed by the foregoing provisions of this part insofar as the same may be applicable. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-237 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-237 Status of special purpose revenue bonds under Uniform Commercial Code.

 §39A-237 Status of special purpose revenue bonds under Uniform Commercial Code. Notwithstanding any of the provisions of this part or any recitals in any special purpose revenue bonds issued under this part, all such special purpose revenue bonds shall be deemed to be investment securities under the Uniform Commercial Code, chapter 490, subject only to the provisions of the special purpose revenue bonds pertaining to registration. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-238 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-238 Special purpose revenue bonds as legal investments and lawful security.

 §39A-238 Special purpose revenue bonds as legal investments and lawful security. The special purpose revenue bonds issued pursuant to this part shall be and are declared to be legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, credit unions, fiduciaries, trustees, guardians, and for all public funds of the State or other political corporations or subdivisions of the State. Such special purpose revenue bonds shall be eligible to secure the deposit of any and all public funds of the State and any and all public funds of counties or other political corporations or subdivisions of the State, and such bonds shall be lawful and sufficient security for such deposits to the extent of their value when accompanied by all unmatured coupons appertaining thereto. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-239 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-239 Access to and public disclosure of financial records of project party.

 §39A-239 Access to and public disclosure of financial records of project party. (a) Each project party with a project agreement with the department shall allow the department full access to its financial records. Upon the request of the department for the examination of any such financial records, the project party shall allow the department to examine the requested records within a reasonably prompt time from the date of the request. If the department requests copies of the records, the project party shall provide the copies.  (b) To provide the public with full knowledge of the use of the proceeds and benefits derived from special purpose revenue bonds issued under this part, the department shall require each project party with a project agreement with the department to make available to the public all relevant financial records which pertain to the use of or savings resulting from the use of special purpose revenue bonds.  (c) The department shall adopt rules under chapter 91 for the purpose of this section. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-240 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-240 Estimate of benefits.

 §39A-240 Estimate of benefits. (a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special purpose revenue bonds. The benefits estimated shall be based on a comparison between the use of the proceeds of the special purpose revenue bonds instead of other means of financing and shall be in terms of dollars projected to be or actually saved by consumers of the services of the project party. The format of and method for determining the estimates shall be established by the department and shall be uniform for each project party.  (b) To promote public understanding of the role played by special purpose revenue bonds in providing less costly services by a project party to the general public, the department shall take appropriate steps to ensure public access to and scrutiny of the estimates determined under subsection (a).  (c) The department shall adopt rules under chapter 91 for the purposes of this section. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-241 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-241 Construction of this part.

 §39A-241 Construction of this part. The powers conferred by this part shall be in addition and supplemental to the powers conferred by any other law. Insofar as the provisions of this part are inconsistent with the provisions of any other law, this part shall be controlling. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-242 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-242 Sunset provision.

 §39A-242 Sunset provision. After June 30, 2015, no new special purpose revenue bonds shall be issued under this part. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-251 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-251 Definitions.

 §39A-251 Definitions. Whenever used in this part, unless a different meaning clearly appears from the context:  "Department" means the department of budget and finance.  "Project agreement" means any agreement entered into under this part by the department with a project party providing for the issuance of special purpose revenue bonds to finance facilities of the project party or for the project party or to loan the proceeds of such bonds to assist not-for-profit private nonsectarian and sectarian elementary schools, secondary schools, colleges, and universities that serve the general public, including, without limitation, on any loan agreement.  "Project party" means a not-for-profit private nonsectarian and sectarian elementary school, secondary school, college, and university that serves the general public.  "Refinancing of outstanding obligations" or "refinancing" means the liquidation; the retirement; the provision for retirement through the proceeds of bonds issued by the State of any indebtedness of a project party incurred to finance or help finance a lawful purpose of the project party not financed pursuant to this part; or the consolidation of such indebtedness with indebtedness of the State incurred by the project party related to the purpose for which the indebtedness of the project party was initially incurred.  "Special purpose revenue bonds" or "bonds" means bonds, notes, or other evidence of indebtedness of the State issued pursuant to this part. [L 2002, c 257, pt of §1]
HI Rev Stat § 39A-252 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-252 Department powers as to private nonsectarian and sectarian elementary schools, secondary schools, colleges, and universities.

 §39A-252 Department powers as to private nonsectarian and sectarian elementary schools, secondary schools, colleges, and universities. In addition to powers that it may now have, the department shall have all powers necessary or convenient to accomplish the purposes of this part. The powers of the department include but are not limited to the following:  (1) Notwithstanding and without compliance with section 103-7 and chapter 103D, but with the approval of the governor, to:  (A) Enter into and carry out a project agreement or an amendment or supplement to an existing project agreement with a project party; and   (B) Enter into and carry out any agreement, whereby the obligation of a project party under a project agreement will be unconditionally guaranteed by a person other than a project party;  (2) To issue special purpose revenue bonds pursuant to and in accordance with this part;  (3) To lend the proceeds of the special purpose revenue bonds issued for a project to the project party for use and application by the project party for the acquisition, purchase, construction, reconstruction, improvement, betterment, extension, or refinancing of outstanding obligations related to a project;  (4) As security for the payment of the principal, premium, if any, and interest of the special purpose revenue bonds issued for this project, to:  (A) Pledge, assign, hypothecate, or otherwise encumber all or any part of the revenues and receipts derived or to be derived by the department under the project agreement for the project for which the special purpose revenue bonds are issued;  (B) Pledge and assign the interest and rights of the department under the project agreement or other agreement with respect to the project or the special purpose revenue bonds;  (C) Pledge and assign any bond, debenture, note, or other evidence of indebtedness received by the department with respect to the project; or  (D) Any combination of the foregoing;  (5) To extend or renew any project agreement or any other agreement related to the project agreement; provided that any renewal or extension shall be subject to the approval of the governor unless made in accordance with provisions for the extension or renewal contained in a project agreement or related agreement theretofore approved by the governor; and  (6) To do any and all things necessary or convenient to carry out its purposes and exercise the powers given and granted in this part. When the department finances or refinances a project by the issuance of special purpose revenue bonds as contemplated by this part, the State shall not exercise the power of eminent domain to acquire a project or any part of the project for lease or transfer to a project party, nor shall the State operate a project on behalf of a project party. [L 2002, c 257, pt of §1; am L 2006, c 292, §8]
HI Rev Stat § 39A-253 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-253 Compliance with state and local law.

 §39A-253 Compliance with state and local law. The issuance of special purpose revenue bonds with respect to any project under this part shall not relieve any project party or other user of the project from the laws, ordinances, and rules of the State or any of its political subdivisions, or any departments or boards thereof, with respect to: the construction, operation, and maintenance of projects; compliance with education or zoning laws or regulations; obtaining of building permits; and compliance with building codes, health codes, and other laws, ordinances, or rules of a similar nature pertaining to the project. Such laws shall apply to the party or another user to the same extent that it would be if the costs of the project were directly financed by the project party. [L 2002, c 257, pt of §1]
HI Rev Stat § 39A-254 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-254 Conditions precedent to negotiating and entering into a project agreement.

 §39A-254 Conditions precedent to negotiating and entering into a project agreement.  (a) Prior to entering into negotiations with any project party, the department shall require that the project party shall agree to pay all fees, costs, and expenses (direct or indirect) assessed by the department in implementing and administering this part, as determined by the department, even though a project agreement may not be entered into. The department may further require the deposit of moneys with it to pay for fees, costs, and expenses. The department shall return any amount of the deposit exceeding the amount required to reimburse the State to the party that made the deposit. The State shall not be required to pay to the project party any interest or earnings on the deposit.  (b) The department shall not enter into any project agreement with respect to any project unless the department shall determine that:  (1) The project party is a responsible party, whether by reason of economic assets or experience in the type of enterprise to be undertaken through the project, or some other reason; or  (2) The obligations of the project party under the project agreement will be unconditionally guaranteed by a person who is a responsible party, whether by reason of economic assets or experience in the type of enterprise to be undertaken through the project, or some other reason. [L 2002, c 257, pt of §1; am L 2007, c 44, §13]
HI Rev Stat § 39A-255 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-255 Project agreement.

 §39A-255 Project agreement. No special purpose revenue bonds shall be issued unless, at the time of issuance, the department shall have entered into a project agreement with respect to the project for the financing or refinancing of which the revenue bonds are to be issued.  Any project agreement entered into by the department shall contain provisions unconditionally obligating the project party to:  (1) Pay to the department during the period or term of the project agreement, exclusive of any renewal or extension thereof and whether or not the project is used or occupied by the project party, the sum at the time in the amount that shall be sufficient to:  (A) Pay the principal and interest on all special purpose revenue bonds issued with respect to the project as they become due, including any premium payable upon any required redemption of the bonds;  (B) Establish or maintain a reserve, if any, as may be required by the instrument authorizing or securing the special purpose revenue bonds;  (C) Pay all fees and expenses, including the fees and expenses of the paying agents and trustees, assessed in connection with the special purpose revenue bonds; and  (D) Pay the fees, costs, and expenses (direct or indirect) assessed by the department in administering the bonds or in carrying out the project agreement; and  (2) Operate, maintain, and repair the project as long as it is used in the provision of not-for-profit private nonsectarian and sectarian elementary, secondary, college-level, and university-level education to the general public, and to pay all costs of its operation, maintenance, and repair. Moneys received by the department pursuant to paragraph (1)(D) shall not be, nor be deemed to be, revenues of the project and shall be paid into the general fund of the State. [L 2002, c 257, pt of §1; am L 2007, c 44, §14]
HI Rev Stat § 39A-256 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-256 Issuance of special purpose revenue bonds to finance projects.

 §39A-256 Issuance of special purpose revenue bonds to finance projects. In addition to the other powers that it may otherwise have, the department may issue special purpose revenue bonds to finance or refinance the costs of facilities of or for project parties or to loan the proceeds of such bonds to assist project parties. All revenue bonds issued under this part are special purpose revenue bonds, and the provisions of part III of chapter 39 shall not apply. All special purpose revenue bonds shall be issued in the name of the department and not in the name of the State.  In determining the cost of any project, the department may also include the following: financing charges, fees, the expenses of trustees, and the cost of paying agents to issue special purpose revenue bonds to fund the project; interest on the bonds and the expenses of the State in connection with the bonds and the project to be financed or refinanced from the proceeds of the bonds accruing or incurred prior to and during the period of construction, not to exceed twelve months thereafter; amounts necessary to establish or increase reserves for the special purpose revenue bonds; the cost of plans, specifications, studies, surveys, and estimates of costs and of revenues; other expenses incidental to determining the feasibility or practicability of the project; administration expenses; the cost of interest incurred by the project party with respect to the project prior to the issuance of the special purpose revenue bonds; fees and expenses incurred in connection with the refinancing of outstanding obligations; other costs, commissions, and expenses incidental to the construction, acquisition, reconstruction, renovation, rehabilitation, improvement, betterment, operation, or extension of the project; the financing or refinancing of the project and placing the project in operation; and the issuance of the special purpose revenue bonds, whether incurred prior to or after the issuance of such bonds.  The legislature finds and determines that the exercise of the powers vested in the department by this part constitutes assistance to not-for-profit private nonsectarian and sectarian elementary schools, secondary schools, colleges, and universities serving the general public and that the issuance of special purpose revenue bonds to finance or refinance facilities of or for project parties or to loan the proceeds of the bonds to assist project parties is in the public interest. The legislature also finds and determines that the exercise of the powers vested in the department by this part are pursuant to separate acts of the legislature, each of which shall be enacted in a nondiscriminatory manner on the basis of neutral, secular criteria and will not in any manner violate the First Amendment of the Constitution of the United States or article I, section 4, of the Constitution of the State of Hawaii. [L 2002, c 257, pt of §1; am L 2004, c 10, §1]