reglab/housing_qa huggingface dataset:
HI Rev Stat § 37C-13 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37C. State Debt|37C-13 Debt affordability study; purpose, information.

  §37C-13 Debt affordability study; purpose, information. (a) The purpose of the debt affordability study shall be to provide the legislature with information on the affordability of the future debt planned for the State.  (b) The debt affordability study shall include the following information:  (1) The projected annual appropriation, by source of funding, necessary to pay the annual debt service for the ensuing twenty-five fiscal year period on the following bonds, under the assumption that all are issued:  (A) All authorized, but unissued bonds that have not lapsed as of the September 30 immediately preceding submittal of the study; and  (B) All bonds necessary to fund the capital improvement projects proposed in the fiscal years covered by the applicable multi-year program and financial plan;  (2) A debt service payment schedule showing the annual appropriation, by source of funding, necessary to pay, during the ensuing twenty-five fiscal year period, the annual debt service on:  (A) All bonds identified under paragraph (1); and  (B) All bonds previously issued, but remaining outstanding;  (3) The projected ratio of the following for each source of funding pledged to pay debt service on bonds during each fiscal year of the ensuing twenty-five fiscal year period:  (A) Annual debt service payments to annual revenues; and  (B) Annual debt service payments to annual appropriations;  (4) An examination of whether projected annual revenues from the source of funding are adequate to pay for the annual debt service on the bonds;  (5) An examination of whether any increase in annual debt service payments on the bonds will cause a commensurate decrease of funds available for operating programs with the same source of funding as the debt service payments;  (6) An assessment of whether the annual debt service obligations of the State for the fiscal years covered by the applicable multi-year program and financial plan are affordable to the State; and  (7) An identification of, and discussion on, any noncompliance or possible noncompliance of the State's actual or planned debt issuance with the state debt management policy.  The director of finance may include any other information in the study deemed appropriate or necessary by the director. [L 2015, c 149, pt of §2]
HI Rev Stat § 37D-4 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-4 Inclusion of budget request

 §37D-4 Inclusion of budget request. For each fiscal period, there shall be included with respect to each agency in the executive budget requests or, in the case of the judiciary, the judiciary budget request, to the legislature, amounts sufficient to permit the payment of all amounts that will be due on unpaid financing agreements during that fiscal period, including any expenses and replenishment of any reserve funds up to the balances required by the respective financing agreements. Amounts so included in the judiciary budget request and so applied to the payment of any amounts due with respect to a judiciary project shall be deemed to be at all times for purposes of the judiciary budget act moneys of the judiciary, and not moneys of the department or any other executive department. [L 1996, c 119, pt of §2; am L 1998, c 41, §8 and c 263, §2; am L 2001, c 200, pt of §3; am L 2007, c 126, pt of §1]
HI Rev Stat § 37D-5 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-5 Financing agreements not a general obligation of State

  §37D-5 Financing agreements not a general obligation of State. Financing agreements shall:  (1) Not be obligations for which the full faith and credit of the State, the department, or any agency are pledged; and  (2) Have no claim or lien on any revenues or other moneys of the State, the department, or any agency except moneys appropriated or otherwise held in trust for that purpose. Financing agreements entered into under this chapter shall not constitute "bonds" within the meaning of section 12 of article VII of the Constitution of the State. No holder or holders of any financing agreement entered into under this chapter shall have the right to compel any exercise of taxing power of the State, the department, or any agency to pay the financing agreements or the interest thereon and no moneys other than amounts appropriated or otherwise held in trust for that purpose shall be required to be applied to the payment thereof. Each financing agreement issued under this chapter shall recite in substance that the agreement, including the interest component thereof, shall not be an obligation for which the full faith and credit of the State, the department, or any agency are pledged, and that the financing agreement shall have no claim or lien on any revenues or other moneys of the State, the department, or any agency except moneys appropriated or otherwise held in trust for that purpose. [L 1996, c 119, pt of §2; am L 2001, c 200, pt of §3; am L 2007, c 126, pt of §1]
HI Rev Stat § 37D-6 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-6 Federal tax-exempt status; preference; protection

  §37D-6 Federal tax-exempt status; preference; protection. (a) To the extent practicable, financing agreements issued pursuant to this chapter shall be issued to comply with requirements imposed by applicable federal law providing that the interest on financing agreements shall be excluded from gross income for federal income tax purposes, except as certain minimum taxes or environmental taxes may apply. The director and, with the approval of the director, the head of an agency may:  (1) Enter into agreements;  (2) Establish funds or accounts;  (3) Make rebate payments to the federal government; and  (4) Take any action required to comply with applicable federal tax law. Nothing in this chapter shall prohibit the issuance of financing agreements, the interest on which may be included in gross income for federal income tax purposes.  (b) To ensure that interest on a financing agreement issued pursuant to this chapter that is excluded from gross income for federal income tax purposes, except as provided in subsection (a), on the date of issuance shall continue to be excluded, no state officer or employee shall authorize or allow any change, amendment, or modification to a financing agreement that would affect the exclusion of interest on the financing agreement from gross income for federal income tax purposes unless the change, amendment, or modification shall have received the prior approval of the director. Failure to receive the approval of the director shall render any change, amendment, or modification void. [L 1996, c 119, pt of §2; am L 2001, c 200, pt of §3; am L 2007, c 126, pt of §1]
HI Rev Stat § 37D-7 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-7 Financing agreements legal investments

  §37D-7 Financing agreements legal investments. All public officers and agencies, political subdivisions, insurance companies and associations, banks, savings banks, and savings institutions, including building or savings and loan associations, credit unions, trust companies, personal representatives, guardians, trustees, and other persons and fiduciaries in the State who are regulated by law as to the character of their investment, may legally invest moneys within their control and available for investment in financing agreements of the department or any agency. The purpose of this section is to authorize any person, firm, corporation, association, political subdivision, body, or officer, public or private, to use any funds or moneys owned or controlled by them, including without prejudice to the generality of the foregoing sinking, insurance, investment, retirement, compensation, pension and trust funds, and moneys held on deposit, for the purchase of any financing agreements of the department or any agency. [L 1996, c 119, pt of §2; am L 2001, c 200, pt of §3; am L 2007, c 126, pt of §1]
HI Rev Stat § 37D-8 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-8 Exemption from taxation

 §37D-8 Exemption from taxation. All real and personal property owned or operated by the State, the department, or any agency, and any interests created in or transfer or recording of the property or any interest in the property, and payments made under the financing agreements to which the property is subject shall be exempt from all state, county, and municipal taxation, and fees and charges of every kind. Financing agreements issued pursuant to this chapter and the income therefrom, including without limitation the interest component of any lease payments, shall be exempt from all taxation by the State or any county or other political subdivision thereof, except inheritance, transfer, and estate taxes. [L 1996, c 119, pt of §2; am L 1998, c 41, §9; am L 2001, c 200, pt of §3; am L 2007, c 126, pt of §1]
HI Rev Stat § 37D-9 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-9 Line of credit

 §37D-9 Line of credit. The department or, with the approval of the director, an agency may contract with a financial institution for one or more lines of credit in amounts and for periods as the legislature shall from time to time determine. The department, an agency, or the department on behalf of a requesting agency, may borrow under a line of credit and use the amount or amounts borrowed to pay the cost of the improvements, use, or acquisition of real or personal property comprising a project. Upon the execution and delivery of a financing agreement to refinance the amount or amounts borrowed under the line of credit, the department or the agency that is party to the financing agreement shall apply the proceeds thereof to the repayment of any amount or amounts. [L 2001, c 200, §1; am L 2007, c 126, pt of §1] Note  This section is new. Former §37D-9 renumbered as §37D-10.
HI Rev Stat § 37D-10 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|37D. Management of Financing Agreements|37D-10 Litigation; jurisdiction; appeal

  §37D-10 Litigation; jurisdiction; appeal. The director may petition the circuit court of the first circuit for an opinion as to the validity of any financing or related agreement entered into pursuant to this chapter. The petition shall constitute a civil proceeding for purposes of section 603-21.5(a)(3), and the circuit court of the first circuit shall have exclusive and original jurisdiction to receive and determine the question presented in the petition, irrespective of an actual controversy or dispute regarding the agreement or its validity. Any party aggrieved by the decision of the circuit court may appeal in accordance with part I of chapter 641 and the appeal shall be given priority. [L 1996, c 119, pt of §2; ren and am L 2001, c 200, pt of §3 and am c 251, §1; ree L 2007, c 126, pt of §1] Case Notes  Financing agreements entered into in accordance with this chapter are not bonds as that term is used in article VII, §12 of Hawaii constitution and thus do not count toward the debt ceiling of article VII, §13. 85 H. 1, 936 P.2d 637.
HI Rev Stat § 38-1 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-1 Definitions.

 §38-1 Definitions. As used in this chapter, unless the context otherwise indicate:  Comptroller means the state comptroller.  Depository includes any federally insured national or state bank, savings and loan association, or financial services loan company; or federal or state credit union insured by the national credit union administration authorized to do business in this State.  Director means the state director of finance. [L 1970, c 51, pt of §1; am L 1988, c 27, §1 and c 78, §2; am L 1989, c 266, §3]
HI Rev Stat § 38-4 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-4 Provisions of depository contracts.

 §38-4 Provisions of depository contracts. Any acceptance by a depository of treasury moneys shall constitute an acceptance of the provisions of sections 38-2 and 38-3, and those provisions shall be deemed a part of and incorporated into the contract of deposit without any necessity for specific mention thereof. The director shall file with the comptroller a copy of any formal written contract of deposit which may be entered into. [L 1970, c 51, pt of §1]
HI Rev Stat § 38-5 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-5 Indemnity bond from depository.

 §38-5 Indemnity bond from depository. The director with the approval of the governor, shall, if in the director's judgment it appears necessary for the security of the State, require the depository to give indemnity bonds, the sureties on which shall not be interested as stockholders in the depository, to be approved by the governor and director to secure the State against the loss of any depreciation in value that may occur in the bonds held by the director as security for the safekeeping and prompt payment of the money of the State in the depository. [L 1970, c 51, pt of §1; gen ch 1985]
HI Rev Stat § 38-6 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-6 Certificates of deposit, deposit receipts.

 §38-6 Certificates of deposit, deposit receipts. At the time of depositing state money in any depository, the director shall take certificates of deposit payable to the director in such sums as the director deems advisable, or a receipt showing that the deposit is subject to check. The certificates of deposit, receipts, and all balances of these deposits shall be deemed and counted as cash. [L 1970, c 51, pt of §1; gen ch 1985]
HI Rev Stat § 38-7 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-7 Responsibility of director.

 §38-7 Responsibility of director. The director shall not be responsible for any moneys deposited in a depository under this chapter, but the State through its director shall be chargeable with the safekeeping of the bonds deposited with the director as security for deposits of state money, and of the proceeds of any sale of the bonds made under this chapter. [L 1970, c 51, pt of §1; gen ch 1985]
HI Rev Stat § 38-8 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-8 Additional responsibility.

 §38-8 Additional responsibility. The State through its director shall be chargeable with the safekeeping of the securities deposited with the director by the treasurers of the several counties under section 46-52. [L 1970, c 51, pt of §1; gen ch 1985]
HI Rev Stat § 38-9 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-9 REPEALED.

 §38-9 REPEALED. L 1998, c 119, §2.
HI Rev Stat § 38-10 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|38. Deposits of Public Funds|38-10 Interest on loan funds.

 §38-10 Interest on loan funds. All unexpended balances of state loan funds which have been allotted to the several counties for local improvements, and also all state loan funds which are so allotted, shall be deposited by the director in a depository in separate accounts. All interest received from any depository, on account of the separate deposits, shall be credited to the respective counties. [L 1970, c 51, pt of §1]
HI Rev Stat § 39-2 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39. State Bonds|39-2 Application of proceeds.

 §39-2 Application of proceeds. The proceeds of bonds so issued shall be exclusively devoted to the purpose or purposes defined and expressed in the acts of the legislature authorizing the issuance of bonds, and the proceeds shall be devoted to such purposes in such order as the governor may determine. The governor may allot the proceeds of any issue of bonds to a particular purpose or to several purposes. The proceeds of any issue of bonds may be allotted to various purposes irrespective of whether or not the purposes have all been provided for by the same legislative act and an allotment may be made of only a portion of the proceeds authorized for a particular purpose. The governor may amend the governor's allotments from time to time. The purpose or purposes of issuance need not be stated in any bond. [L 1988, c 28, pt of §3]
HI Rev Stat § 39-3 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39. State Bonds|39-3 Allotments; appropriations.

 §39-3 Allotments; appropriations. Whenever the issuance of bonds has been authorized by an act of the legislature, the bonds may be issued, sold, and delivered prior to or after any allotments have been made by the governor for the purposes to be financed by the issuance of the bonds. If any appropriation or any expenditure under an appropriation made in an act of the legislature is conditioned, qualified, or dependent as to effectiveness or amount or otherwise upon the performance, happening, or existence of any act, occurrence, or event, bonds authorized by an act or acts of the legislature to finance all or a portion of such an appropriation may be issued prior to or after the time when all or any part of the appropriation becomes effective or the expenditure can be made and prior to or after the performance, happening, or existence of the act, occurrence, or event; provided however that the proceeds of the bonds may not be applied to any purpose or project requiring an allotment by operation of law until an allotment has been made, or be applied to any appropriation or any expenditure under an appropriation which has been conditioned, qualified, or made dependent as to effectiveness or amount or otherwise upon the performance, happening, or existence of any act, occurrence, or event until the appropriation becomes effective or the expenditure can be made, or be applied to any appropriation or any expenditure under an appropriation in excess of the amount of the appropriation or prior to the time when the appropriation becomes effective. The provisions of this section shall not permit the issuance of bonds to finance any appropriation which has theretofore lapsed by operation of law. [L 1988, c 28, pt of §3]
HI Rev Stat § 39-4 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39. State Bonds|39-4 Details of bonds.

 §39-4 Details of bonds. (a) All bonds issued pursuant to this part shall bear interest at such rate or rates, payable at such time or times as determined in accordance with this part; shall mature and be payable at such time or times from the date of the issue thereof as will comply with the provisions of the Constitution of the State; may be made payable as to both principal and interest at a place or places within or without the State; may be issued in coupon form without privilege of registration or registrable as to principal only or as to both principal and interest or in fully registrable form without coupons; may be made registrable at a place or places within or without the State; may be subject to redemption, to tenders for purchase or to purchase prior to their stated maturity at the option of the State, or the holder, or both.  (b) The director of finance shall determine the date, denomination or denominations, interest payment dates, maturity date or dates, place or places and manner of payment, registration privileges and place or places of registration, redemption price or prices and time or times and terms and conditions and method of redemption, the right of the holder to tender for purchase and the price or prices and time or times and terms and conditions upon which the right might be exercised, the right to purchase and the price or prices and the time or times and terms and conditions upon which the right may be exercised and the purchase may be made, and all other details of bonds issued under this part.  The principal of and interest and premium, if any, on all bonds issued under this part shall be payable in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts. [L 1988, c 28, pt of §3; am L 1989, c 15, §2]
HI Rev Stat § 39-6 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39. State Bonds|39-6 Premiums to general fund.

 §39-6  Premiums to general fund. The premiums received from the sale of any bonds issued pursuant to this part shall be a realization of the general fund of the State. [L 1988, c 28, pt of §3]
HI Rev Stat § 39-7 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39. State Bonds|39-7 Form and execution of bonds.

 §39-7 Form and execution of bonds. Bonds issued pursuant to this part shall be in such form as the director of finance may determine, and shall be lithographed or steel engraved. All bonds issued pursuant to this part shall be manually signed by the director of finance or a deputy director of finance, shall bear a lithographed or engraved facsimile of the signature of the comptroller of the State, and shall be sealed with the seal or a lithographed or engraved facsimile of the seal of the department of budget and finance. In addition, fully registered bonds may be authenticated with the manual signature of the registrar, if any, thereunto duly appointed by the director of finance. Notwithstanding the preceding provisions of this section, the director of finance, with the approval of the governor, may provide that bonds issued pursuant to this part may be typewritten, printed, or otherwise reproduced, and that the signature of the comptroller upon the bonds may be the comptroller's manual signature. Interest coupons shall be executed with a lithographed or engraved facsimile of the signature of the director of finance. Pending the preparation of the definitive bonds, interim receipts, or certificates in such form and with such provisions as the director of finance may decide upon, may be issued to the purchaser or purchasers of bonds sold pursuant to this part. [L 1988, c 28, pt of §3]