KCC §26-3.3
Minimum Special Taxes for Bond Payments
Read the official text at ecode360.com ↗This section sets the minimum amount of special taxes a district must collect each year. That amount must cover the district's yearly bond debt payments. The taxes may also bring in extra money for reserve funds, credit costs, or other bond-related expenses.
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The ordinance, as written (Kauaʻi County) — Minimum Special Taxes for Payment of Bond Principal and Interest
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.
Annual special taxes from a district shall at least equal the required annual debt or payment due on bond principal and interest payments for the district. In addition, the special taxes may generate an amount sufficient to accumulate or replenish bond reserve funds (or comparable fund under another debt structure), reimburse credit enhancement expenses or prior debt service contributions, or pay other costs or incidental expenses related to the bonds.
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.