§206E-155 - Revenue bonds; interest rate, price, and sale. - Hawaii Statutes

     §206E-155  Revenue bonds; interest rate, price, and sale.  (a)  The revenue bonds shall bear interest at a rate or rates payable monthly, quarterly, or semi-annually.

     (b)  The authority shall include the costs of undertaking the public facility for which the revenue bonds are issued in determining the principal amount of revenue bonds to be issued.  In determining the cost of undertaking the public facility, the authority may include the cost of constructing, acquiring, remodeling, furnishing, and equipping the public facility, including acquisition of the site thereof; the cost of purchasing or funding loans or other agreements entered into for the public facility; the costs of studies and surveys; insurance premiums; underwriting fees; financial consultant, legal, accounting, and marketing services incurred; reserve account, trustee, custodian, and rating agency fees; and any capitalized interest.

     (c)  The revenue bonds may be sold at public or private sale, and for a price as may be determined by the authority to be in the best interest of the State. [L 1985, c 268, pt of §1]