MCC §14.50.090
How to pay off special assessments in installments
Read the official text at library.municode.com ↗This section explains how unpaid special assessments for a project can be paid over time. You can pay in yearly installments, and interest is charged on the remaining balance. The exact start date for payments is set by the county ordinance that created the assessment.
landowners
The ordinance, as written (Maui County) — Installment payments—Generally
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.
The unpaid assessments shall be payable in not less than five nor more than twenty
annual installments, the number of which shall correspond to the number of annual
series of bonds to be issued. A proportionate amount of each unpaid assessment shall
be payable in each year preceding the date of maturity of each of the several annual
series of bonds to be issued, sufficient to pay the bonds when due. Interest shall
be payable annually on the portions of the assessment remaining unpaid from time to
time at a rate not exceeding 8 percent per year. The date on which such annual installments
of principal and interest shall commence shall be as provided in the ordinance levying
the assessments; provided, that unless a reserve fund is established pursuant to section
14.52.070 in which there will be an amount sufficient to pay the first semiannual interest
payment on the bonds, then the date as fixed in the ordinance shall be no later than
seven months preceding the date of maturity of the first series of the bonds.
(Ord. 801 § 1 (part), 1974: prior code § 25-7.5)
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.