reglab/housing_qa huggingface dataset:
HI Rev Stat § 39A-206 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-206 Refunding special purpose revenue bonds.

 §39A-206 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 may provide, by act 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 the cost of a project or improvement or expansion thereof; and  (2) Refunding special purpose revenue bonds that 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 department to elect to redeem or prepay special purpose revenue bonds being refunded, or to redeem or prepay special purpose revenue bonds being refunded that 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, the rights and remedies of the holders thereof, and the rights, powers, privileges, duties, and obligations of the department with respect to the bonds, shall be governed by the foregoing provisions of this part insofar as the provisions may be applicable. [L 1981, c 151, pt of §2; am L 2012, c 242, §12]
HI Rev Stat § 39A-207 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-207 Status of special purpose revenue bonds under Uniform Commercial Code.

 §39A-207 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 1981, c 151, pt of §2]
HI Rev Stat § 39A-208 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-208 Treatment of special purpose revenue bonds in regulatory proceedings.

 §39A-208 Treatment of special purpose revenue bonds in regulatory proceedings. (a) In the setting of rates to be paid by the consumers of utility services, the public utilities commission shall provide such consumers the maximum benefits derived by the utility from the use of such bonds.  (b) For the purpose of public disclosure, the public utilities commission, in every rate proceeding involving a public utility that is regulated by the public utilities commission under chapter 269 and which has utilized special purpose revenue bonds, shall make estimates of:  (1) The probable amounts that would have been incurred by the utility as capital costs if financing by means other than special purpose revenue bonds were utilized;  (2) The amount the utility pays for such bonds, including the principal and sinking fund requirements, the interest, and other expenses appropriately attributable to special purpose revenue bond financing; and  (3) The difference between (1) and (2), or the estimated savings realized by the consumers of the utility services. [L 1981, c 151, pt of §2; am L 1982, c 147, §4; am L 2012, c 242, §13]
HI Rev Stat § 39A-209 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-209 Special purpose revenue bonds as legal investments and lawful security.

 §39A-209 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 1981, c 151, pt of §2; am L 1990, c 59, §7]
HI Rev Stat § 39A-210 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-210 Construction of this part.

 §39A-210 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 1981, c 151, pt of §2]
HI Rev Stat § 39A-211 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-211 REPEALED.

 §39A-211 REPEALED. L 1992, c 228, §6.
HI Rev Stat § 39A-221 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-221 Definitions.

 §39A-221 Definitions. Whenever used in this part, unless a different meaning clearly appears from the context:  "Department" means the department of budget and finance.  "Early childhood education and care facility" means any property used primarily for the care and instruction of children from birth to age five; provided that it shall not include any property to be used primarily for sectarian instruction or study, or as a place for devotional activities or religious worship, or any property used primarily in connection with any part of a program of a school or department of divinity of any religious denomination.  "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 a project party or for a project party or to loan the proceeds of such bonds to assist not-for-profit corporations that provide early childhood education and care facilities that serve the general public, including without limitation any loan agreement.  "Project party" means a not-for-profit corporation that provides an early childhood education and care facility that serves the general public.  "Refinancing of outstanding obligations" or "refinancing" means the liquidation, retirement, or provision for retirement with the proceeds of bonds issued by the State, of any indebtedness of a project party incurred to finance or aid in financing a lawful purpose of such project party not financed pursuant to this part which constitutes an early childhood education and care facility or consolidation of such indebtedness with indebtedness of the State incurred for an early childhood education and care facility 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 evidences of indebtedness of the State issued pursuant to this part. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-222 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-222 Department powers as to early childhood education and care facilities.

 §39A-222 Department powers as to early childhood education and care facilities.  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 thereto; 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 thereof for lease or transfer to a project party, nor shall the State operate a project on behalf of a project party. [L 1994, c 280, pt of §6; am L 2006, c 292, §7]
HI Rev Stat § 39A-223 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-223 Compliance with state and local law.

 §39A-223 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 such project from the laws, ordinances, and rules of the State or any political subdivision thereof, or any departments or boards thereof with respect to the construction, operation, and maintenance of projects, compliance with early childhood education and care laws or regulations, or zoning laws or regulations, obtaining of building permits, compliance with building and health codes and other laws, ordinances, or rules of similar nature pertaining to the project, and such laws shall be applicable to such party or such other user to the same extent it would be if the costs of the project were directly financed by the project party. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-224 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-224 Conditions precedent to negotiating and entering into a project agreement.

 §39A-224 Conditions precedent to negotiating and entering into a project agreement.  (a) The department, prior to entering into negotiations with any project party, 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 and may further require the deposit of moneys with the department to pay for fees, costs, and expenses. Any amount of the deposit in excess of the amount required to pay the State shall be returned by the department 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 such project, or otherwise; 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 otherwise. [L 1994, c 280, pt of §6; am L 2007, c 44, §11]
HI Rev Stat § 39A-225 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-225 Project agreement.

 §39A-225 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:  (1) To 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 or sums, at the time or times, and in the amounts that shall be sufficient:  (A) To pay the principal and interest on all special purpose revenue bonds issued with respect to the project as the bonds become due, including any premium payable upon any required redemption of the bonds;  (B) To establish or maintain a reserve, if any, as may be required by the instrument authorizing or securing the special purpose revenue bonds;  (C) To 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) To 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) To operate, maintain, and repair the project as long as it is used in the provision of early childhood education and care to the general public, and to pay all costs of the 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 1994, c 280, pt of §6; am L 2007, c 44, §12]
HI Rev Stat § 39A-226 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-226 Issuance of special purpose revenue bonds to finance projects.

 §39A-226 Issuance of special purpose revenue bonds to finance projects. In addition to the other powers which it may otherwise have, the department may issue special purpose revenue bonds to finance or refinance, the costs of facilities of, or for, 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 thereto. All special purpose revenue bonds shall be issued in the name of the department and not in the name of the State.  The department in determining the cost of any project, may also include the following: financing charges, fees, and expenses of any trustee and paying agents for special purpose revenue bonds issued to pay the cost of such project; interest on such bonds and the expenses of the State in connection with such bonds and the project to be financed or refinanced from the proceeds of such bonds accruing or incurred prior to and during the period of construction and for not exceeding 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; interest cost 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; and such 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 thereof, placing of same 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 corporations serving the general public and that the issuance of special purpose revenue bonds to finance or to refinance facilities of, or for, or to loan the proceeds of such bonds to assist, project parties, is in the public interest. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-228 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-228 Special purpose revenue bond anticipation notes.

 §39A-228 Special purpose revenue bond anticipation notes. Whenever the department shall have authorized the issuance of special purpose revenue bonds under this part, special purpose revenue bond anticipation notes of the department may be issued in anticipation of the issuance of such bonds and of the receipt of the proceeds of sale thereof, for the purposes for which such bonds have been authorized. All special purpose revenue bond anticipation notes shall be authorized by the department, and the maximum principal amount of such notes shall not exceed the authorized principal amount of such bonds. The notes shall be payable solely from and secured solely by the proceeds of sale of the special purpose revenue bonds in anticipation of which the notes are issued and the revenues from which would be payable and by which would be secured such bonds; provided that to the extent that the principal of the notes shall be paid from moneys other than the proceeds of sale of such bonds, the maximum amount of bonds in anticipation of which the notes are issued that has been authorized shall be reduced by the amount of notes paid in such manner. The authorization, issuance, and the details of such notes shall be governed by the provisions of this part with respect to special purpose revenue bonds insofar as the same may be applicable; provided that each note, together with all renewals and extensions thereof, or refundings thereof by other notes issued under this section, shall mature within five years from the date of the original note. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-230 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-230 Security for special purpose revenue bonds.

 §39A-230 Security for special purpose revenue bonds. Special purpose revenue bonds shall be payable solely from the revenues derived by the department from payments made to the department under the project agreement or other supplemental agreements entered into with respect to the project, and shall be secured solely by such revenues and by the pledges and assignments authorized by this part. All special purpose revenue bonds of the same issue, subject to the prior and superior rights of outstanding bonds, claims, obligations, or mechanic's and materialman's liens, shall have a prior and paramount lien on the revenues derived from the project agreement with respect to the project, for which the bonds have been issued, over and ahead of all special purpose revenue bonds of any issue payable from the revenues which may be subsequently issued and over and ahead of any claims or obligations of any nature against the revenues subsequently arising or subsequently incurred; provided that the right and privilege may be reserved by the department in the trust indenture securing an issue of special purpose revenue bonds to subsequently issue additional special purpose revenue bonds, subject to legislative authorization of the issue as provided in section 39A-227, or to permit the project party or another party on its behalf to incur debt, from time to time, payable from the revenues derived from such project agreement on a parity with the first issue of the special purpose revenue bonds and any subsequent issue of special purpose revenue bonds and other debt issued or incurred in accordance with the provisions of the trust indenture shall be secured equally and ratably with the first issue of the special purpose revenue bond without priority by reason of the date of sale, date of execution, or date of delivery, by a lien on the revenues in accordance with this part.  Notwithstanding any other provisions herein, all or part of the property constituting the project and all interest of the project party in the project and the revenues of the project party therefrom may be subjected to the present and future lien of any mortgage of the project party securing the project party's bonds, and the rights of the department and any trustee for the holders of the special purpose revenue bonds and the holders of the special purpose revenue bonds in the project and the revenues therefrom may be made subject to the prior lien of the project party's mortgage. [L 1994, c 280, pt of §6]
HI Rev Stat § 39A-231 (2021)
2021 Hawaii Revised Statutes|Title 5. State Financial Administration|39A. Special Purpose Revenue Bonds|39A-231 Special purpose revenue bonds not a general obligation of the State.

 §39A-231 Special purpose revenue bonds not a general obligation of the State. No holder or holders of any special purpose revenue bonds issued under this part shall ever have the right to compel any exercise of taxing power of the State to pay such bonds or the interest thereon and no moneys other than the revenues pledged to such bonds shall be applied to the payment thereof. Each special purpose revenue bond issued under this part shall recite in substance that such bond, including interest thereon, is not a general obligation of the State and is payable solely from the revenues pledged to the payment thereof, and that such bond is not secured directly or indirectly by the full faith and credit or the general credit of the State or by any revenues or taxes of the State other than the revenues specifically pledged thereto. [L 1994, c 280, pt of §6]