HCC §32-11
How the county can set up and repay a revolving fund
Read the official text at hawaiicounty.gov ↗This section lets the county council create a revolving fund to pay for property, design work, or building projects for a district. The district must pay the money back with interest, and the council must set the repayment rules before any money is spent.
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The ordinance, as written (Hawaiʻi County) — Revolving fund
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.
The council may appropriate any available moneys to a revolving fund to be used for the acquisition of real or personal property, engineering, planning and related design services, or the construction of structures or improvements needed in whole or in part to provide one or more of the facilities of a district. The revolving fund shall be reimbursed from special tax revenues or other money available from the district, and no sums shall be disbursed from the fund until the council has, by resolution, established the method by, and term within which, the district is to reimburse the fund. The district shall reimburse the fund for any amount disbursed to the district within the period specified by the council, together with interest at the current rate per annum received on similar types of investments by the council as determined by the director of finance. (1994, ord 94-77, sec 3.)32-11
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.