HRS 0235D- ANNOTATIONS

L 1999, c 306, §2 provides:

"SECTION 2. [Repealed January 1, 2006.] Notwithstanding any statute, rule, ordinance, or law to the contrary, any impact fees imposed upon a project, the costs of which qualify for and are claimed as a tax credit under this Act, shall be collected over a seven-year period, interest-free, commencing with the completion of the project. For purposes of this section, "impact fees" means the charges imposed upon a developer by the state or a county to fund all or a portion of the public facility capital improvement costs required by the development, or to recoup the cost of existing public facility capital improvements made in anticipation of the needs of the development."