HRS §47-13
Tax exemption and payment priority for county bonds
Read the official text at capitol.hawaii.gov ↗This section covers bonds issued under this chapter. It says the bonds and their income are free from most state and county taxes, except certain inheritance, transfer, and estate taxes. It also requires the county to pay bond principal and interest first from its general fund and to set aside enough money for those payments.
counties
The statute, as written — Exemption from taxes; first charge on general fund
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
All bonds heretofore or hereafter issued under the authority of this chapter and the income therefrom shall be exempt from any and all taxation by the State or any county or other political subdivision thereof, except inheritance, transfer, and estate taxes. The interest and principal payments of bonds issued under this chapter shall be a first charge on the general fund of the county issuing same, and sufficient revenues shall be raised or provided from time to time by the county for the purpose of that payment. The governing body of any county issuing bonds under this chapter shall appropriate out of the general fund of the county all amounts necessary for the payment of the principal of and interest on the bonds as and when the same become due, and the appropriation shall be a paramount appropriation upon the general fund of the county issuing same.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.