KCC §24-6.5

Rules for Refunding Improvement District Bonds

Read the official text at ecode360.com ↗

This section explains how improvement district bonds can be refunded to pay off old debt. These refunding bonds must follow the same rules as other bonds, except for a few changes. They can have a lower interest rate and last up to 15 years from when the old bonds mature.

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The ordinance, as written (Kauaʻi County) — Improvement District Refunding Bonds

A copy, taken August 22, 2026. The version published by Kauaʻi County is the one that governs, and it may have changed since. Check it before relying on anything here.

Improvement district bonds issued for the refunding of the outstanding indebtedness of any improvement district shall bear the name of the improvement district for which they are issued, shall be in the form and issued and sold and subject to call and under all the other conditions and terms as prescribed by Sections 24-5.1 to 24-5.5, except as otherwise prescribed in this Chapter.A lower rate of interest than that authorized in the original issue of bonds may be prescribed and the improvement district refunding bonds may be authorized to run for a term not to exceed fifteen (15) years from the maturity date of the outstanding improvement district bonds.

Read the official text at ecode360.com ↗as published Jan 1, 2026our copy taken Aug 22, 2026

The County of Kauaʻi publishes this code through eCode360 and states that it is provided for information only and should not be considered the official version of the Code.

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.