text: They've chosen to issue bonds in the first session a week back and I have a good feeling they will go with bonds all the way to fund the entire $15-billion dollar expenditure. Municipal bonds are the most prudent and timely funding source despite issuing them violates the Federal rail funding contract and therefore Honolulu can kiss any future contributions from the Feds goodbye. Despite the loss of federal funding, it's a prudent decision in my opinion! If (D)etroit can do it there's no reason why we can't!