Bill > HB689

This bill conforms county debt limit statements laws to include tax increment bonds if a constitutional amendment allowing the State to authorize the use of such bonds by the counties is ratified. The bill amends Section 47C-2 of the Hawaii Revised Statutes to require the director of finance of each county to include tax increment bonds in the itemization of the total principal amount of bonds that may be excluded when determining the total funded debt of the county for the purposes of Section 13 of Article VII of the state constitution. The bill specifies that this act shall take effect upon its approval and upon ratification of the necessary constitutional amendment.

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http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=689&year=2017