HCC §33-3
How tax increment districts are created and paid for
Read the official text at hawaiicounty.gov ↗This section says the county council can create a tax increment district when it wants to. All project costs for the district must come from that district's tax increment fund. The county can sell bonds to pay for projects, but only if the tax money and other funds will cover the bond payments.
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The ordinance, as written (Hawaiʻi County) — Authority; general provisions
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.
(a) Whenever in the opinion of the council it is desirable to create a tax increment or provisional tax increment district, the district shall be created and the project financed under the provisions of this chapter. (b) All project costs of a tax increment or provisional tax increment district shall be paid from the tax increment fund of that district. (c) The County may issue and sell tax increment bonds to provide funds to pay project costs upon finding that the tax increment of the district and any other available revenues will be sufficient to cover the full debt service on any such bonds. Both principal and interest on tax increment bonds shall be payable solely from the tax increment fund, all according to the provisions of this chapter. (1994, ord 94-76, sec 3.)33-3
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.