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  SECTION 105.  Any law to the contrary notwithstanding, the
appropriation which is denoted as necessary to qualify for
federal aid financing and/or reimbursement under Act 40, Session
Laws of Hawaii 1968, section 1, in the amount indicated or
balance thereof, unallotted, allotted, encumbered, and
unrequired, is hereby lapsed:
  "Item No.                                   Amount (MOF)
 
   C-8                                   $      39,525 E"
 
                PART VI.  ISSUANCE OF BONDS
 
   SECTION 106.  GOVERNOR'S DISCRETIONARY POWERS.  When it is
 
deemed in the public interest of the State, the governor, in his
 
discretion, is authorized to use general fund savings or balances
 
determined to be available from authorized general fund program
 
appropriations to finance capital improvement projects authorized
 
in this Act or any other act currently authorized by the
 
legislature, where the method of financing is designated to be
 
the general obligation bond fund.  Any law or provision to the
 
contrary notwithstanding, the governor may replace general
 
obligation bond funds appropriated for capital improvement
 
projects with general obligation reimbursable bond funds, when
 
the expenditure of such general obligation reimbursable bond
 
funds is deemed appropriate for the project.
 
   SECTION 107.  AIRPORT REVENUE BONDS.  The department of
 
 
 
 
 
 
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transportation is authorized to issue airport revenue bonds for
 
airport capital improvement program projects authorized in part
 
II and listed in part IV of this Act and designated to be
 
financed by revenue bond funds or by general obligation bond
 
funds with debt service cost to be paid from special funds, in
 
such principal amount as shall be required to yield the amounts
 
appropriated for such capital improvements program projects, and,
 
if so determined by the department and approved by the governor,
 
such additional principal amount as may be deemed necessary by
 
the department to pay interest on such airport revenue bonds
 
during the estimated period of construction of the capital
 
improvements program project for which such airport revenue bonds
 
are issued, to establish, maintain, or increase reserves for the
 
airport revenue bonds and to pay the expenses of issuance of such
 
bonds.  The aforementioned airport revenue bonds shall be issued
 
pursuant to the provisions of part III of chapter 39, Hawaii
 
Revised Statutes, as the same may be amended from time to time.
 
The principal of and interest on airport revenue bonds, to the
 
extent not paid from the proceeds of such bonds, shall be payable
 
solely from and secured solely by the revenues from airports and
 
related facilities under the ownership of the State or operated
 
and managed by the department and the aviation fuel taxes levied
 
and paid pursuant to sections 243-4(a)(2) and 248-8, Hawaii
 
 
 
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Revised Statutes, or such parts of either thereof as the
 
department may determine, including rents, landing fees, and
 
other fees or charges presently or hereafter derived from or
 
arising through the ownership, operation, and management of
 
airports and related facilities and the furnishing and supplying
 
of the services thereof.  The expenses of the issuance of such
 
airport revenue bonds shall to the extent not paid from the
 
proceeds of such bonds be paid from the airport revenue fund.
 
   The governor, in his discretion, is authorized to use the
 
airport revenue fund to finance those projects authorized in part
 
II and listed in part IV of this Act where the method of
 
financing is designated to be by airport revenue bond funds.
 
   SECTION 108.  HARBOR REVENUE BONDS.  The department of
 
transportation is authorized to issue harbor revenue bonds for
 
harbor capital improvement program projects authorized in part II
 
and listed in part IV of this Act and designated to be financed
 
by revenue bond funds or by general obligation bond funds with
 
debt service cost to be paid from special funds, in such
 
principal amount as shall be required to yield the amounts
 
appropriated for such capital improvement program projects, and,
 
if so determined by the department and approved by the governor,
 
such additional amounts as may be deemed necessary by the
 
department to pay interest on such revenue bonds during the
 
 
 
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estimated construction period of the capital improvement project
 
for which such harbor revenue bonds are issued, to establish,
 
maintain, or increase reserves for the harbor revenue bonds or
 
harbor revenue bonds heretofore authorized (whether authorized
 
and issued or authorized and still unissued), and to pay the
 
expenses of issuance of such bonds.  The aforementioned harbor
 
revenue bonds shall be issued pursuant to the provisions of part
 
III of chapter 39, Hawaii Revised Statutes, as the same may be
 
amended from time to time.  The principal of and interest on
 
harbor revenue bonds, to the extent not paid from the proceeds of
 
such bonds, shall be payable solely from and secured solely by
 
the revenues derived from harbors and related facilities under
 
the ownership of the State or operated and managed by the
 
department, including rents, mooring, wharfage, dockage, and
 
pilotage fees, and other fees or charges presently or hereafter
 
derived from or arising through the ownership, operation, and
 
management of harbor and related facilities and the furnishing
 
and supplying of the services thereof.  The expenses of the
 
issuance of such harbor revenue bonds shall, to the extent not
 
paid from the proceeds of such bonds, be paid from the harbor
 
special fund.
 
   The governor, in his discretion, is authorized to use the
 
harbor revenue fund to finance those projects authorized in part
 
 
 
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II and listed in part IV of this Act where the method of
 
financing is designated to be by harbor revenue bond funds.
 
   SECTION 109.  HIGHWAY REVENUE BONDS.  The department of
 
transportation is authorized to issue highway revenue bonds for
 
highway capital improvement projects authorized in part II and
 
listed in part IV of this Act and designated to be financed by
 
revenue bond funds or by general obligation bond funds with the
 
debt service cost to be paid from special funds, in such
 
principal amount as shall be required to yield the amounts
 
appropriated for such capital improvement projects, and, if so
 
determined by the department and approved by the governor, such
 
additional principal amount as may be deemed necessary by the
 
department to pay interest on such highway revenue bonds during
 
the estimated period of construction of the capital improvement
 
project for which such highway revenue bonds are issued, to
 
establish, maintain, or increase reserves for such highway
 
revenue bonds or highway revenue bonds heretofore authorized
 
(whether authorized and issued or authorized and still unissued),
 
and to pay all or any part of the expenses related to the
 
issuance of such highway revenue bonds.  The aforementioned
 
highway revenue bonds shall be issued pursuant to the provisions
 
of part III of chapter 39, Hawaii Revised Statutes, as the same
 
may be amended from time to time.  The principal of and interest
 
 
 
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on such highway revenue bonds, to the extent not paid from the
 
proceeds of such highway revenue bonds, shall be payable from and
 
secured by the revenues derived from highways and related
 
facilities under the ownership of the State or operated and
 
managed by the department, from the highway fuel taxes, vehicle
 
weight taxes, and vehicle registration fees, levied and paid
 
pursuant to sections 243-4, 248-8, 249-31, and 249-33, Hawaii
 
Revised Statutes, and federal moneys received by the State or any
 
department thereof which are available to pay principal of and/or
 
interest on indebtedness of the State, or such part of any
 
thereof as the department may determine, and other user taxes,
 
fees or charges currently or hereafter derived from or arising
 
through the ownership, operation, and management of highways and
 
related facilities and the furnishing and supplying of the
 
services thereof.  The expenses related to the issuance of such
 
highway revenue bonds, to the extent not paid from the proceeds
 
of such bonds, shall be paid from the State highway fund.
 
   The governor, in his discretion, is authorized to use moneys
 
in the State highway fund to finance those highway capital
 
improvement projects authorized in part II and listed in part IV
 
of this Act where the method of financing is designated to be by
 
revenue bond funds.
 
   SECTION 110.  SMALL BOAT HARBOR REVENUE BONDS.  The
 
 
 
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department of land and natural resources is authorized to issue
 
small boat harbor revenue bonds for small boat harbor capital
 
improvement projects authorized in part II and listed in part IV
 
of this Act and designated to be financed by revenue bond funds
 
or by general obligation bond funds with debt service cost to be
 
paid from special funds.  The principal amount of such bonds
 
shall be sufficient to yield the amounts appropriated for such
 
capital improvements, and, if so determined by the department and
 
approved by the governor, such additional amounts as may be
 
deemed necessary by the department to pay interest on such
 
revenue bonds during the construction period of the capital
 
improvement project for which such small boat harbor revenue
 
bonds are issued, to establish, maintain, or increase reserves
 
for the small boat harbor revenue bonds, and to pay the expenses
 
for the issuance of such bonds.  The aforementioned small boat
 
harbor revenue bonds shall be issued pursuant to the provisions
 
of part III of chapter 39, Hawaii Revised Statutes, as the same
 
may be amended from time to time. The principal of and interest
 
on the small boat harbor revenue bonds, to the extent not paid
 
from the proceeds of such bonds, shall be payable solely from and
 
secured solely by the revenues from small boat harbors and
 
related facilities under the ownership of the State or operated
 
and managed by the department.  The revenues shall include rents,
 
 
 
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mooring, wharfage, dockage, and permit fees, and other fees or
 
charges presently or hereafter derived from or arising through
 
the ownership and operation of small boating activities and the
 
furnishing and supplying of the services thereof.  The expenses
 
of the issuance of such small boat harbor revenue bonds shall, to
 
the extent not paid from the proceeds of such bonds, be paid from
 
the harbor special fund.
 
   SECTION 111.  PUBLIC FACILITY REVENUE BONDS.  The Hawaii
 
Community Development Authority is authorized to issue revenue
 
bonds for public facility projects authorized in part II and
 
listed in part IV of this Act and designated to be financed by
 
revenue bond funds or by general obligation bond funds with the
 
debt service cost to be paid from special funds.  The principal
 
amount of such bonds shall be sufficient to yield the amounts
 
appropriated to construct, acquire, remodel, furnish, and equip
 
any public facility, including acquisition of the site thereof.
 
Additionally, if so determined by the authority and approved by
 
the governor, the principal amount of such bonds shall be in an
 
additional amount deemed necessary by the Authority to pay
 
interest on such revenue bonds during the estimated period of
 
construction of the capital improvement project for which such
 
public facility revenue bonds are issued, to establish, maintain,
 
or increase reserves for such public facility revenue bonds, and
 
 
 
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to pay all or any part of the expenses related to the issuance of
 
such public facility revenue bonds.  The aforementioned public
 
facility revenue bonds shall be issued pursuant to the provisions
 
of part III of chapter 39, Hawaii Revised Statutes, as the same
 
may be amended from time to time. The principal of and interest
 
on such public facility revenue bonds, to the extent not paid
 
from the proceeds of such public facility revenue bonds, shall be
 
payable from and secured by the revenues derived from the public
 
facility for which the revenue bonds are issued, including
 
revenue derived from insurance proceeds and reserve accounts and
 
earnings thereon.
 
   SECTION 112.  CONVENTION CENTER REVENUE BONDS.  The
 
Convention Center Authority is authorized to issue convention
 
center revenue bonds for capital improvement projects authorized
 
in part II and listed in part IV of this Act and designated to be
 
financed by revenue bond funds or by general obligation bond
 
funds with the debt service cost to be paid from special funds,
 
in such principal amount as shall be required to yield the
 
amounts appropriated for such capital improvement projects, and,
 
if so determined by the authority and approved by the governor,
 
such additional principal amount as may be deemed necessary by
 
the authority to pay interest on such convention center revenue
 
bonds during the estimated period of construction of the capital
 
 
 
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improvement project for which such convention center revenue
 
bonds are issued, to establish, maintain, or increase reserves
 
for such convention center revenue bonds, and to pay all or any
 
part of the expenses related to the issuance of such convention
 
center revenue bonds.  The aforementioned convention center
 
revenue bonds shall be issued pursuant to the provisions of part
 
III of chapter 39, Hawaii Revised Statutes, as the same may be
 
amended from time to time.  The principal of and interest on such
 
convention center revenue bonds, to the extent not paid from the
 
proceeds of such convention center revenue bonds, shall be
 
payable from and secured by revenues available pursuant to
 
section 206X-10.5, Hawaii Revised Statutes, by the revenues
 
derived from a convention center facility or facilities and
 
related facilities under the ownership of the State or operated
 
and managed by the authority, and other rates, rents, fees or
 
charges currently or hereafter derived from or arising through
 
the ownership, operation, and management of convention center
 
facilities and related facilities and the furnishing and
 
supplying of the services thereof.
 
   SECTION 113.  HAWAIIAN HOME LANDS REVENUE BONDS.  The
 
department of Hawaiian home lands is authorized to issue Hawaiian
 
home lands revenue bonds for Hawaiian home lands capital
 
improvement projects authorized in part II and listed in part IV
 
 
 
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of this Act and designated to be financed by revenue bond funds
 
or by general obligation bond funds with debt service cost to be
 
paid from special funds, in such principal amount as shall be
 
required to yield the amounts appropriated for such capital
 
improvements, and, if so determined by the department and
 
approved by the governor, such additional amounts as may be
 
deemed necessary by the department to increase reserves for the
 
Hawaiian home lands revenue bonds and to pay the expenses of the
 
issuance of such bonds. Notwithstanding any limitations contained
 
in any prior authorization of Hawaiian home lands revenue bonds,
 
the aforementioned Hawaiian home lands revenue bonds and all
 
prior authorized revenue bonds shall be issued pursuant to the
 
provisions of part III of chapter 39, Hawaii Revised Statutes, as
 
the same may be amended from time to time.  The principal of and
 
interest on Hawaiian home lands revenue bonds, to the extent not
 
paid from the proceeds of such bonds, shall be payable from and
 
secured by the revenues from Hawaiian home lands, revenues from
 
available lands and related facilities under the ownership of the
 
State or operated and managed by the department or such parts of
 
either thereof as the department may determine, including rents
 
and other fees or charges presently or hereafter derived from or
 
arising through the ownership, operation, and management of
 
Hawaiian home lands, available lands and related facilities.  The
 
 
 
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expenses of the issuance of such Hawaiian home lands revenue
 
bonds, to the extent not paid from the proceeds of such bonds,
 
shall be paid from the Hawaiian home lands special fund.
 
   The governor, in the governor's discretion, is authorized to
 
use the Hawaiian home lands special fund to finance those
 
projects authorized in part II and listed in part IV of this Act
 
where the method of financing is designated to be by the Hawaiian
 
home lands revenue bond funds.
 
   SECTION 114.  HOUSING REVENUE BONDS.  The Housing and
 
Community Development Corporation of Hawaii is authorized to
 
issue housing revenue bonds for housing capital improvement
 
projects authorized in part II and listed in part IV of this Act
 
and designated to be financed by revenue bond funds in such
 
principal amounts as shall be required to yield the amounts
 
appropriated for such capital improvements, and, if so determined
 
by the corporation and approved by the governor, such additional
 
amounts as may be deemed necessary by the corporation to increase
 
reserves for the housing revenue bonds and to pay the expenses of
 
the issuance of such bonds.  The aforementioned housing revenue
 
bonds shall be issued pursuant to the provisions of part III of
 
chapter 39, Hawaii Revised Statutes, as the same may be amended
 
from time to time.  The principal of and interest on housing
 
revenue bonds, to the extent not paid from the proceeds of such
 
 
 
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bonds, shall be payable and secured by revenues from housing and
 
related facilities under the ownership of the State or operated
 
and managed by the department or such parts of either thereof as
 
the department may determine, including rents and other fees or
 
charges presently or hereafter derived from or arising through
 
the ownership, operation, and management of housing and related
 
facilities.
 
   SECTION 115.  HOSPITAL REVENUE BONDS.  The Hawaii Health
 
Systems Corporation is authorized to issue hospital revenue bonds
 
for hospital capital improvements program projects authorized in
 
part II and listed in part IV of this Act and designated to be
 
financed by revenue bond funds, in such principal amount as shall
 
be required to yield the amounts appropriated for such capital
 
improvements program projects, and if so determined by the
 
corporation and approved by the governor, such additional
 
principal amount as may be deemed necessary by the corporation to
 
pay interest on such hospital revenue bonds during the estimated
 
period of construction of the capital improvements program
 
project for which such hospital revenue bonds are issued, to
 
establish, maintain, or increase reserves for such hospital
 
revenue bonds, and to pay all or any part of the expenses related
 
to the issuance of such hospital revenue bonds.  The
 
aforementioned hospital revenue bonds shall be issued pursuant to