HCC §32-68
Paying the costs to issue refunding bonds
Read the official text at hawaiicounty.gov ↗This section says the County can pay the costs of issuing refunding bonds from the bond money itself or from other legal sources, like council revenues. If the County uses its own money (not from the bonds or their investment earnings), that amount must be counted as part of the total interest cost to check if the bonds meet the rules in another section.
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The ordinance, as written (Hawaiʻi County) — Payment of designated costs of issuing refunding bonds
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 designated costs of issuing the refunding bonds, as defined by section 32-69, may be paid from proceeds of the refunding bonds or may be paid from any other legally available source including any available revenues of the council, as determined by the council. However, any amounts paid by the County other than from the proceeds of sale of the refunding bonds or from interest or other gains derived from the investment of the proceeds of sale shall be added to the total net interest costs to maturity on the refunding bonds in determining whether the issuance of the refunding bonds complies with section 32-66. (1994, ord 94-77, sec 3.)32-68
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.