Hawaii SB3270 amends definitions and procedures for tax increment bonds, excluding them from funded debt calculations.

Hawaii SB3270 amends the Hawaii Revised Statutes to redefine terms related to tax increment bonds, including "Chairperson of the finance committee" and "Director of finance." It modifies the process for determining funded debt by excluding tax increment bonds from the calculations. The bill also requires the director of finance to prepare a supplemental summary of county indebtedness, detailing variations and changes from previous summaries.

Hawaii SB3270 amends definitions and procedures for tax increment bonds, excluding them from funded debt calculations.

Hawaii SB3270 amends the Hawaii Revised Statutes to redefine terms related to tax increment bonds, including "Chairperson of the finance committee" and "Director of finance." It modifies the process for determining funded debt by excluding tax increment bonds from the calculations. The bill also requires the director of finance to prepare a supplemental summary of county indebtedness, detailing variations and changes from previous summaries.