HCC §12-37
Paying assessments with improvement district bonds
Read the official text at hawaiicounty.gov ↗This section lets the finance director accept improvement district bonds instead of cash for assessments and related charges. The bonds are valued at face value plus interest up to the date they are accepted. Once accepted, the bonds are canceled and the district gets credit for the amount.
landowners
The ordinance, as written (Hawaiʻi County) — Payment in bonds
A copy, taken August 21, 2026. The version published by Hawaiʻi County is the one that governs, and it may have changed since. Check it before relying on anything here.
The director of finance may accept in lieu of cash in payment of any assessment, installment thereof, interest, penalty, cost, expense or any portion thereof, bonds of the improvement district in which the assessment unit is situated, whether such bonds are outstanding or hereafter issued, to a value of par, plus accrued interest to the date of acceptance of such bonds by the director of finance. Upon the receipt of such bonds, the director of finance shall cancel the bond and credit the improvement district with the amount allowed on the bonds.
Published by the County of Hawaiʻi Office of the County Clerk.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.