HCC §12-41
Paying for a property sale with improvement district bonds
Read the official text at hawaiicounty.gov ↗This section says that when a property is sold because the owner did not pay an assessment, the finance director can accept improvement district bonds instead of cash. The bonds must be worth the sale price plus interest. Once accepted, the bonds are canceled and the district gets credit.
buyerscounties
The ordinance, as written (Hawaiʻi County) — Purchase at sale
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.
At any sale for default in payment of any assessment levied as provided in this chapter, the director of finance may accept, in lieu of cash, in payment for the assessment unit so sold, bonds of such improvement district whether such bonds are then outstanding or hereafter issued, to a value of par plus accrued interest to date of sale. Upon the receipt of such bonds, the director of finance shall cancel the bonds 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.