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i <br /> I <br /> SECTION 10. CUSIP Identification Numbers. The Director of Finance may authorize the <br /> i <br /> printing of CUSIP identification numbers upon the Bonds. Such number and the printing thereof shall be subject j <br /> in all respects to the provisions of Section 47-10,Hawaii Revised Statutes,as amended. <br /> I <br /> SECTION 11. Bond Insurance. The Director of Finance is hereby authorized to determine and <br /> provide for any insurance provisions respecting the Bonds of a series as she shall deem to be in the best interest <br /> of the County, including, without limitation, selection of the bond insurer, payment of the insurance premium <br /> and printing of any insurance statement on the Bonds. In the event that bond insurance is obtained by the <br /> purchaser of such Bonds, (a) such insurance shall not constitute a part of the contract by and with the County <br /> evidenced by a particular Bond or constitute a part of the proceedings providing for the issuance thereof,and(b) <br /> no liability or responsibility shall attach to the County or any officer or agent thereof in any way by reason of <br /> any such insurance, including, without limiting the foregoing, with respect to the procuring, maintenance, <br /> enforcement or collection thereof. The County shall be under no obligation to take or refrain from taking any <br /> action by reason of the existence of such insurance or any of the provisions thereof, even though the taking or <br /> refraining from taking of such action may result in or be cause for cancellation or cessation of such insurance. <br /> SECTION 12. Support Facility for Variable Rate Bonds. If the Director of Finance shall <br /> determine to issue the Bonds of a series bearing interest at a rate or rates which vary from time to time or with a <br /> right of holders to tender such Bonds for purchase,or both,the Director of Finance may contract for such support <br /> facility or facilities and remarketing arrangements as are required to market such Bonds to the greatest advantage <br /> of the County upon such terms and conditions as the Director of Finance deems necessary and proper;provided, <br /> however,that all such contracts shall be approved by a resolution of the County Council and shall comply with <br /> the requirements of Section 47-11,Hawaii Revised Statutes. <br /> SECTION 13. Reimbursement of Expenditures. The County expects that it may pay certain <br /> capital expenditures for the Projects prior to the issuance of the Bonds or Notes authorized hereby, and <br /> reasonably expects to reimburse such expenditures from the proceeds of the Bonds or Notes. The County <br /> hereby declares its official intent to use proceeds of the Bonds or Notes to reimburse itself for future <br /> expenditures in connection with such Projects. This ordinance is adopted in part for the purpose of <br /> establishing compliance with the requirements of Section 1.150-2 of the Treasury Regulations. This <br /> ordinance shall be reasonably available for inspection at the office of the County Clerk, located at 25 Aupuni <br /> Street, Room 1402, Hilo Hawaii 96720, commencing within fifteen (15) days after its adoption by the <br /> Council. <br /> 5 <br />