HCC §32-70

How refunding bond savings can lower special taxes

Read the official text at hawaiicounty.gov ↗

When the county issues refunding bonds, any savings from that process may be used by the council to reduce the special taxes that were originally charged to pay off the old bonds. The council must decide on these tax reductions at the same time it decides to issue the refunding bonds, and the reductions must be spread proportionally across the district.

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The ordinance, as written (Hawaiʻi County) — Reduction of refunding bond taxes

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.

All savings achieved through the issuance of refunding bonds may be used by the council to reduce the special taxes which were levied to retire the bonds being refunded. At the time the council makes a determination to issue the refunding bonds, it shall determine and cause to be made any reductions in the annual tax levy in the district, which reductions shall be made on a pro rata basis. (1994, ord 94-77, sec 3.)32-70

Read the official text at hawaiicounty.gov ↗as published Jul 16, 2026our copy taken Aug 21, 2026

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.