L 1996, c 261, §4 provides:

"The Hawaii employers' mutual insurance company may issue debentures one time in an amount not exceeding $10,000,000, payable solely from premiums received from insurance policies and other revenues received by the company for the initial operating expenses of the company. The debentures shall be issued in the name of the company and not in the name of the State. The final maturity date of the debentures shall not exceed ten years from the date of issuance. The board shall set aside and pledge revenues from premiums and other sources for the payment of the principal and interest on the bonds debentures."

For rate reduction and relief provisions, see L 1996, c 260, §§8 to 11 and c 261, §§5 to 9.