Any ordinance to the contrary notwithstanding, project notes to aid in financing urban renewal projects of the city to be authorized for issuance and sale under HRS Chapter 53 shall bear interest at a coupon or stated rate or rates not exceeding 10 percent a year.
(Sec. 5-39.1, R.O. 1978 (1983 Ed.)) (1990 Code, Ch. 6, Art. 32, § 6-32.1)