HI SB141

Expands county authority to use land-based financing in improvement districts and community facilities districts to fund operating costs for police protection, fire suppression, ambulance services, recreation programs, park maintenance, flood protection, hazardous substance cleanup, and maintenance of capital improvements.

Allows counties to levy assessments or special taxes on property within these districts to finance both the county services listed and capital facilities used to provide those services, with bonds secured by property assessments or district taxes.

Permits counties to apply a specified percentage of assessment or tax revenues to cover administrative expenses for creating and administering improvement districts and community facilities districts and their associated assessments, fees, and taxes.

Clarifies that bonds issued to fund operating expenses for county services may not be issued directly but bonds may be issued to fund capital facilities used in providing those services.

Takes effect July 1, 2050.