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SECTION 3. Pledge of the County's full faith and credit. The County also pledges <br />its full faith and credit including but not limited to the County's general taxing power, as <br />security for repayment of the loan, payment of interest, payment of any loan fees, and <br />including a covenant to exercise the County's authority as needed. The principal and <br />interest payments, and any loan fee payments, shall be a first charge on the General <br />Fund of the County. <br />SECTION 4. Effective Date. This Ordinance shall take effect upon its approval. <br />Introduced By: <br />COUNCIL MEMBER, COUNTY OF HAWAII <br />Kona , H awa i i <br />Date of Introduction: <br />June <br />7, <br />2017 <br />Date of 1St Reading: <br />June <br />7, <br />2017 <br />Date of 2nd Reading: <br />June <br />23, <br />2017 <br />Effective Date: <br />July <br />5, <br />2017 <br />REFERENCE Comm. 274 <br />