HCC §12-48
General obligation bonds are exempt from certain rules
Read the official text at hawaiicounty.gov ↗This section says that general obligation bonds approved under section 12-47 do not have to follow the rules in sections 12-49 through 12-55, which apply only to improvement bonds. The county council can choose to apply those rules if it wants. Refunding these bonds does not change assessment payments unless the council approves a plan under article 5.
countiescourts
The ordinance, as written (Hawaiʻi County) — Exemption of general obligation bonds from certain
A copy, taken August 21, 2026. The version published by Hawaiʻi County is the one that governs, and it may have changed since. Check it before relying on anything here.
requirements. The provisions of sections 12-49, 12-50, 12-51,* 12-52, 12-53, 12-54 and 12-55* shall not apply to the general obligation bonds authorized by section 12-47 and such sections shall be restricted in their application to improvement bonds, nor shall the provisions of article 5 of this chapter apply to such general obligation bonds unless the council in its sole discretion shall consent to the application of such provisions to such bonds. The refunding of any such general obligation bonds shall not in any way affect the payment of assessment installment and the interest thereon or the amounts and times of such payments unless such refunding is part of a plan consented to by the council and adopted under article 5 of this chapter. * Editor’s Note: Sections 12-51 and 12-55, Hawai‘i County Code, were repealed by Ordinances 84-4 and 90-127.
Published by the County of Hawaiʻi Office of the County Clerk.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.