MCC §14.36.160
Premium
Read the official text at library.municode.com ↗This section defines the word "premium" for this law. It has three different meanings depending on the situation: an extra payment for paying off an assessment early, an extra payment when the county calls a bond before it matures, or the amount a bond buyer pays above the bond's face value.
everyone
The ordinance, as written (Maui County) — Premium
A copy, taken August 21, 2026. The version published by Maui County is the one that governs, and it may have changed since. Check it before relying on anything here.
"Premium" means, as indicated by the context:
A.
An amount payable upon an advance payment of unpaid installments of an assessment
in accordance with the provisions of section 14.50.130 , which amount is in addition to the unpaid principal amount of the assessment and
the interest thereon to the next subsequent annual date for the payment of installments;
B.
An amount payable to the holder of a bond issued pursuant to this article which is
called by the director of finance for payment before maturity in accordance with the
provisions of section 14.52.090 , which amount is in addition to the face amount of such bond and the interest thereon
payable to such bondholder;
C.
An amount paid by the purchaser of the bonds in excess of the par value of the bonds.
(Ord. 801 § 1 (part), 1974: prior code § 25-1.3(n))
Read the official text at library.municode.com ↗as published Nov 21, 2025our copy taken Aug 21, 2026
Published by the County of Maui through Municode.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.