BIL 324 Draft 02 2006-2008 - Laserfiche WebLink

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from time to time on such amounts. Any accrued interest shall be subject to the same restrictions as other funds in the account. Section 36-24. Use of fees. (a) The monies in each impact fee account shall be used only for the following: (1) To acquire or construct system improvements of the type reflected in the title of the account; (2) To pay debt service on any portion of any current or future general obligation bond or revenue bond that was used to create capacity of the type reflected in the title of the account that will be available to serve development occurring after the effective date of this chapter; (3) For refunds as described in section 36-16; or (4) For post-ordinance credits as described in section 36-17. (b) The monies in each impact fee account shall not be used for the following: (1) Rehabilitation, reconstruction, replacement or maintenance of existing facilities; or (2) Ongoing operational costs. (c) Monies of each impact fee account shall be used in accordance with the capital improvements program established by the planning department and in compliance with the community development plan of each district, when available, and approved by the County council. (d) Pursuant to section 46-144(5), Hawaii Revised Statutes, within six years of the date of collection the impact fees shall be expended or encumbered for the construction of the public facility capital improvements for which they were collected. (e) The sub-area benefit zones are hereby created and consist of the following aggregations of judicial districts: (1) North Kohala/South Kohala; (2) North Hilo/South Hilo and Hamakua; (3) Puna; (4) Ka`u; and (5) North Kona/South Kona. (f) With the exception of solid waste, up to twenty percent of the impact fee revenues collected within a benefit zone may be used to fund improvements located adjacent to the ----~ ' -21-