MCC §14.52.040
Sale of bonds
Read the official text at library.municode.com ↗This section explains how the county sells bonds. It sets rules for public bidding, allows private sales if the council agrees, and says where the money goes. It also lets the county buy its own bonds if no one else does.
counties
The ordinance, as written (Maui County) — Sale
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 director of finance shall sell the bonds to be issued to the highest bidder therefor,
after public advertisement for tenders for at least once each week for not less than
two successive weeks in a newspaper of general circulation in the county; provided,
however, the council may, by resolution, authorize sale thereof by the director of
finance at private sale upon such terms as provided in the resolution. In the event
no purchaser is found, the county may be the purchaser of any such bonds, using any
funds available and unspent. Bonds sold to a purchaser other than the county may be
sold for such discount as is acceptable to the council. Upon sale of the bonds, the
director of finance shall be responsible for all acts necessary to complete such sale
and shall receive the proceeds thereof. Proceeds of bonds sold, less only the amount
of any reserve fund to be established therefrom pursuant to section 14.52.070 , shall be credited to the improvement account of the special fund referred to in
section 14.50.230 .
(Ord. 801 § 1 (part), 1974: prior code § 25-8.2)
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.