KCC §24-4.10

Paying for a default sale with improvement district bonds

Read the official text at ecode360.com ↗

When property is sold because the owner didn't pay an assessment, the county finance director can accept the district's own bonds instead of cash. The bonds are valued at their full face value plus interest earned up to the sale date. The director then sends the bonds to be canceled and credits the district.

countiescreditorslandowners

The ordinance, as written (Kauaʻi County) — Purchase at Sale

A copy, taken August 22, 2026. The version published by Kauaʻi 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 as aforesaid, the Director of Finance may accept, in lieu of cash, in payment for the land so sold, bonds of such improvement district, such bonds to be valued at an amount equal to one hundred percent (100%) of the principal amount of such bonds, plus accrued interest on such bonds to date of sale. Upon the receipt of such bonds the Director of Finance shall forward the same to the registrar for such bonds for cancellation and credit the improvement district with the amount allowed on the bonds.

Read the official text at ecode360.com ↗as published Jan 1, 2026our copy taken Aug 22, 2026

The County of Kauaʻi publishes this code through eCode360 and states that it is provided for information only and should not be considered the official version of the Code.

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.