§206E-156 - Revenue bonds; investment of proceeds, and redemption. - Hawaii Statutes

     §206E-156  Revenue bonds; investment of proceeds, and redemption.  Subject to any agreement with the holders of its revenue bonds, the authority may:

     (1)  Invest its moneys not required for immediate use, including proceeds from the sale of revenue bonds, in any investment in accordance with procedures prescribed in a trust indenture; and

     (2)  Purchase its revenue bonds out of any fund or money of the authority available therefor, and hold, cancel, or resell the revenue bonds. [L 1985, c 268, pt of §1]