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SECTION 13. Reimbursement of Expenditures. The County expects that it may pay <br /> certain capital expenditures for the Projects prior to the issuance of the Bonds, and reasonably <br /> expects to reimburse such expenditures from the proceeds of the Bonds. The County hereby declares <br /> its official intent to use proceeds of the Bonds to reimburse itself for future expenditures in <br /> connection with such Projects. This ordinance is adopted in part for the purpose of establishing <br /> compliance with the requirements of Section 1.150-2 of the Treasury Regulations. This ordinance <br /> shall be reasonably available for inspection at the office of the County Clerk, located at 25 Aupuni <br /> Street, Room 209, Hilo Hawaii 96720, commencing within fifteen (15) days after its adoption by the <br /> Council. <br /> SECTION 14. Repeal of Conflicts. All ordinances and resolutions, and any portions of <br /> ordinances and resolutions, heretofore enacted or adopted by the Council which are in conflict or <br /> inconsistent with any provision of this ordinance shall be and are hereby repealed to the extent of such <br /> conflict or inconsistency. <br /> SECTION 15. Severability. If any provision of this ordinance or application thereof to <br /> any person or circumstance is held invalid, such invalidity shall not affect other provisions or <br /> applications of this ordinance which can be given effect without the invalid provision or application, and <br /> to this end,the provisions of this ordinance are declared to be severable. <br /> SECTION 16. Effective Date. This ordinance shall take effect upon its approval. <br /> 6 <br />