HRS §46-109
When a tax increment district ends
A tax increment district ends at the time set in the ordinance that created it, or earlier if a later ordinance says so. But it cannot end until all project costs and tax increment bonds, plus interest, are fully paid or enough money is set aside in trust to pay them.
counties
The statute, as written — Termination of a tax increment district
A tax increment district shall terminate at the time designated in the ordinance creating the district or at an earlier time designated by a subsequent ordinance, but in no event shall the district terminate until such time as all project costs and tax increment bonds issued for the district and the interest thereon, have been paid in full, or sufficient funds have been irrevocably deposited in a special fund or other escrow account held in trust for all outstanding tax increment bonds issued for such district to provide for the payment of such bonds at maturity or date of redemption and interest and premium, if any, thereon.
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