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SECTION 10. CUSIP Identification Numbers. The Director of Finance may authorize the <br />printing of CUSIP identification numbers upon the Bonds. Such number and the printing thereof shall be subject <br />in all respects to the provisions of Section 47-10, Hawaii Revised Statutes, as amended. <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 />