Section 17-526-12 - Development of public land In the event the authority determines, that certain public lands are feasible for development, the authority shall not possess the power to develop the public land if such power or such development:
(1) Would endanger the receipt of any federal grant or impair the eligibility of any public body for a federal grant or prevent the participation by the federal government in any governmental program; or(2) Would impair any covenant between the State or any county or any department or board thereof and the holders of bonds issued by the state or such county, department or board.[Eff: OCT 05 1981] (Auth: HRS § 359-58) (Imp: HRS § 359-58)