§206E-157 - Revenue bonds; special funds. - Hawaii Statutes

     §206E-157  Revenue bonds; special funds.  (a)  A separate special fund shall be established for each public facility financed from the proceeds of the revenue bonds secured under the same trust indenture.  Each fund shall be designated "public facility revenue bond special fund" and shall bear additional designation as the authority deems appropriate to properly identify the fund.

     (b)  Notwithstanding any other law to the contrary, including particularly section 206E-16, all revenues, income, and receipts derived from the public facility for which the revenue bonds are issued shall be paid into the public facility revenue bond fund established for that public facility and applied as provided in the proceedings authorizing the issuance of the revenue bonds. [L 1985, c 268, pt of §1]