ROH §27-3.3

District special taxes must cover bond payments

Read the official text at honolulu.gov ↗

Each district's special taxes must be at least enough to pay its yearly bond principal and interest. The taxes can also be used to build up reserve funds, cover credit costs, or pay other bond-related expenses.

counties

The ordinance, as written (Honolulu County) — Minimum special taxes for payment of bond principal and interest

A copy, taken August 22, 2026. The version published by Honolulu 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 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, reimburse credit enhancement expenses or prior debt service contributions, or pay other costs or incidental expenses related to the bonds.

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

Published by the City and County of Honolulu through American Legal Publishing.

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