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County of Hawaii <br /> Department of Water Supply <br /> (A component unit of the County of Hawaii, State of Hawaii) <br /> NOTES TO FINANCIAL STATEMENTS <br /> June 30, 2021 <br /> NOTE E - LONG-TERM OBLIGATIONS <br /> At June 30, 2021, long-term debt consisted of the following: <br /> Amount <br /> Public improvement refunding bonds ($13,497,500 issued), 2016 Series B, <br /> payable to the County, interest at 3%to 5%, due in semiannual <br /> installments through 2026 $ 858305000 <br /> Public improvement refunding bonds($6,353,750 issued), 2016 Series E, <br /> payable to the County, interest at 2%to 5%, due in semiannual <br /> installments through 2029 558385750 <br /> Public improvement refunding bonds ($3,751,250 issued), 2020 Series C&D, <br /> payable to the County, interest at 5%, due in semiannual <br /> installments through 2029 354055000 <br /> Public improvement refunding bonds ($5,752,612 issued), 2007 Series C, <br /> payable to the County, interest at 4%to 5%, due in semiannual <br /> installments through 2021 6395952 <br /> Public improvement bonds ($147,000 issued), 2008 Series A, payable to <br /> the County, interest at 4.125%, due in semiannual installments <br /> through 2043 1175541 <br /> State Revolving Fund loans ($73,624,812 loaned) payable to the State <br /> of Hawaii, interest up to 1.37%, due in semiannual <br /> installments through 2040 4659975951 <br /> Total long-term debt 6558295194 <br /> Add: Unamortized premium 156225232 <br /> 67,451,426 <br /> Less: Current portion (6,214,530) <br /> Noncurrent portion $ 6152365896 <br /> The public improvement bonds consist of long-term obligations to the County that reflect the <br /> Department's proportionate share of general obligation bonds that were issued by the County, <br /> in part, for the purpose of improving the public water system. The County's general obligation <br /> bonds are an absolute and unconditional general obligation of the County for which its full <br /> faith and credit are pledged. The principal and interest payments on the bonds are a first <br /> charge on the general fund of the County. <br /> The Department's State Revolving Fund Loans are direct borrowings of the Department <br /> for which it pledges either its full faith and credit or gross revenues of the Department. <br /> 25 <br />