HI HB773

Changes the Hawaii Community Development Authority's power to assess costs of public facilities from mandatory ("shall") to discretionary ("may") against real property in community development districts.

Requires the authority to consider factors including special or general benefits conferred on property and impacts/burdens when determining assessments, rather than mandatory assessment.

Moves the authority's power to issue and sell bonds to finance public facilities from subsection (b) to a new subsection (c), clarifying bond issuance procedures and security provisions.

Modifies assessment methodology to apply only "if real property is assessed" for public facilities, allowing the authority discretion on whether assessments occur based on special benefits conferred.

Allows the authority's rules to make property owner cost contributions optional ("if any") rather than mandatory when establishing assessment areas and financing public facilities.