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SECTION 12. Bond or Note Insurance. The Director of Finance is authorized to <br />determine and provide for any insurance provisions respecting the Bonds or the Notes as he shall <br />deem to be in the best interest of the County, including, without limitation, selection of the bond <br />insurer, payment of the insurance premium and printing of any insurance statement on the Bonds or <br />the Notes. <br />SECTION 13. Support Facility for Variable Rate Bonds. If the Director of Finance <br />shall determine to issue the Bonds of a series or Notes bearing interest at a rate or rates which vary <br />from time to time or with a right of holders to tender such Bonds or Notes for purchase, or both, the <br />Director of Finance may contract for such support facility or facilities and remarketing arrangements <br />as are required to market the Bonds or Notes, to the greatest advantage of the County upon such <br />terms and conditions as the Director of Finance deems necessary and proper; provided, however, that <br />all such contracts shall be approved by a resolution of the County Council and shall comply with the <br />requirements of Section 47-11, Hawaii Revised Statutes. <br />SECTION 14. Repeal of Conflicts. All ordinances and resolutions, and any portions <br />of ordinances and resolutions, heretofore enacted or adopted by the Council which are in conflict or <br />inconsistent with any provision of this ordinance shall be and are hereby repealed to the extent of <br />such conflict or inconsistency. <br />15 <br />