Hawaii HB2478 amends the definition of funded debt to exclude housing infrastructure growth bonds.

Hawaii HB2478 modifies the definition of funded debt to exclude housing infrastructure growth bonds. It updates the process for determining funded debt by requiring the director of finance to prepare a summary of the county's indebtedness, including bonds that may be excluded under certain constitutional clauses. The bill also mandates that the director of finance prepare supporting schedules detailing variations and changes from previous summaries. The changes will take effect upon approval and ratification of a constitutional amendment.

Hawaii HB2478 amends the definition of funded debt to exclude housing infrastructure growth bonds.

Hawaii HB2478 modifies the definition of funded debt to exclude housing infrastructure growth bonds. It updates the process for determining funded debt by requiring the director of finance to prepare a summary of the county's indebtedness, including bonds that may be excluded under certain constitutional clauses. The bill also mandates that the director of finance prepare supporting schedules detailing variations and changes from previous summaries. The changes will take effect upon approval and ratification of a constitutional amendment.