HI HB2476

Proposes amendments to Article VII, Sections 12 and 13 of the Hawaii State Constitution to authorize counties to issue "housing infrastructure growth bonds" for housing-related public improvements and community development

Housing infrastructure growth bonds would be repaid solely from incremental increases in real property tax revenues generated within designated districts, not requiring new taxes or countywide tax rate increases

These bonds would be excluded from county debt limit calculations, allowing counties to finance infrastructure without affecting their normal bonding capacity

Addresses Hawaii's housing shortage by enabling funding for water, wastewater, drainage, roads, and sea-level-rise mitigation projects in transit-oriented development and priority growth areas

Would require voter approval as a constitutional amendment, with the ballot question asking whether counties should be authorized to issue these housing infrastructure growth bonds