HRS §201H-72
Bonds for infrastructure development
This section lets the corporation issue bonds to pay for infrastructure on certain land, including land owned by eligible developers building affordable housing and regional state projects. The bonds and their interest are tax-exempt, except for inheritance, transfer, and estate taxes.
everyone
The statute, as written — Issuance of bonds for the development of infrastructure
(a) Without limiting section 201H-71, the corporation, pursuant to and in accordance with this subpart, section 46-80.1(a), or section 201H-191.5, may issue bonds for the purpose of financing the development of infrastructure for: (1) Land owned by the corporation or land owned by an eligible developer as defined in section 201H-32, whose housing project approval by a state or county agency requires the construction of affordable housing; and (2) Regional state infrastructure projects under section 201H-191.5. (b) All bonds issued by the corporation for improvements by assessments, and the interest thereon, shall be exempt from all state, county, and municipal taxation, except inheritance, transfer, and estate taxes.
Sections this one refers to
§201H-191.5 Regional state infrastructure subaccounts
§201H-32 Definitions for housing development rules
§201H-71 Rules for issuing housing bonds
§46-80.1 Community facilities district
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