§206-28  State and political subdivisions
not liable on bonds.  The bonds and other obligations of the board of land
and natural resources under this chapter (and the bonds and obligations shall
so state on their face) shall not be a debt of the State or of any political
subdivision; neither the State nor political subdivisions shall be liable
thereon, nor in any event shall they be payable out of any funds or properties
other than those of the board under this chapter.  The bonds shall not be
considered public indebtedness within the meaning of section 12, article VII of
the Constitution of the State, nor shall the bonds constitute an indebtedness
within the meaning of any other debt limitation or restriction.  Bonds may be
issued under this chapter notwithstanding any debt or other limitation
prescribed by any statute. [L 1961, c 6, §26; Supp, §98J-26; HRS §206-28]