MCC §14.50.230
Where improvement district money goes
Read the official text at library.municode.com ↗This section says how money collected for an improvement district must be handled. It must be kept in a special fund and split into two accounts: one for improvement costs and one for paying off bonds. It is a narrow rule about bookkeeping.
counties
The ordinance, as written (Maui County) — Disposition of moneys collected
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.
All moneys collected by the director of finance pursuant to this chapter with respect
to the assessments levied for any improvement district shall be set aside in a special
fund designated by the name or number of the improvement district. Collections during
the thirty-day period provided in section 14.50.060 shall be credited to an improvement account, from which shall be paid the costs of
the improvement for such improvement district. There shall also be credited to the
account, when received for such improvement district, any loans pursuant to section
14.38.050 , any payments by county pursuant to section 14.38.020 , and any contributions pursuant to sections 14.38.060 and 14.38.070 . Collections from payments of unpaid assessments, including proceeds of sale of property
for default in payment of installments due on unpaid assessments, shall be credited
to a bond account, from which shall be paid principal and interest on the bonds issued
for such improvement district and premiums, if any, on payment of bonds before maturity.
(Ord. 801 § 1 (part), 1974: prior code § 25-7.8)
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.