Haw. Rev. Stat. § 47-13
Exemption from taxes; first charge on general fund
Hawaii · Hawaii Revised Statutes Chapter 47 — County Bonds · Status: effective
Cite this
- Citation
- Haw. Rev. Stat. § 47-13, Exemption from taxes; first charge on general fund, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2395555
- Permanent ID
ys:prov:2395555@1- SHA-256
6c1cded4c911e647341177a3e12db7a847a735260f11237f728479cf0a95517c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
All bonds heretofore or hereafter issued under the authority of this chapter and the income therefrom shall be exempt from any and all taxation by the State or any county or other political subdivision thereof, except inheritance, transfer, and estate taxes.
The interest and principal payments of bonds issued under this chapter shall be a first charge on the general fund of the county issuing same, and sufficient revenues shall be raised or provided from time to time by the county for the purpose of that payment. The governing body of any county issuing bonds under this chapter shall appropriate out of the general fund of the county all amounts necessary for the payment of the principal of and interest on the bonds as and when the same become due, and the appropriation shall be a paramount appropriation upon the general fund of the county issuing same.