HRS §206E-21.5
Bonds for building infrastructure projects
The authority can sell bonds to pay for infrastructure on its own land or in certain development districts, and for projects listed in another section. These bonds and their interest are free from most state and local taxes, but not inheritance, transfer, or estate taxes.
countiesdevelopersstate agencies
The statute, as written — Issuance of bonds for the development of infrastructure
(a) Notwithstanding section 206E-21 and 206E-225, the authority, pursuant to and in accordance with this subpart and section 46-80.1(a), may issue bonds for the purpose of financing the development of infrastructure for: (1) Land owned by the authority or land within a community development district or area established under this chapter or the stadium development district established in section 206E-223; and (2) Infrastructure projects under section 206E-246. (b) All bonds issued by the authority 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
§206E-21 Issuance of bonds
§206E-223 Stadium development district; established; boundaries
§46-80.1 Community facilities district
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