HI SB3052

Amends Section 47C-1 to add "tax increment bonds" to the list of defined bond types in Hawaii Revised Statutes that have meanings given by Section 12 of Article VII of the state constitution.

Modifies Section 47C-2 to require county directors of finance to include tax increment bonds in debt limit statements and updates references to exclude tax increment bonds under clause 10 of Section 13 of Article VII of the constitution.

Updates Section 47C-3 to allow supplemental debt summaries to exclude tax increment bonds when determining funded debt if authorized by clause 10 of Section 13 of Article VII of the constitution.

Takes effect upon approval and ratification of a constitutional amendment that authorizes counties to issue tax increment bonds and excludes them from funded debt calculations.