MCC §14.58.110
When old assessments are canceled in a refunding plan
Read the official text at library.municode.com ↗This section says that old assessments are canceled only when the refunding plan is fully completed, meaning the new bonds are sold and the money is used to pay off or exchange the old bonds. The council must set up the new bonds and handle everything needed to finish the plan.
counties
The ordinance, as written (Maui County) — Levying ordinance
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 ordinance levying the refunding assessments shall provide that the original or
reassessments to be replaced thereby be deemed canceled upon, and only upon, consummation
of the refunding plan, which plan shall be deemed consummated only upon issuance,
sale, delivery and receipt of payment for the refunding bonds and use of the proceeds
thereof to retire and/or purchase the bonds to be refunded, or completion of exchange
of the refunding bonds for the bonds to be refunded, or both, as the case may be.
By the ordinance or by separate resolution, the council shall provide for the issuance
of the refunding bonds and all matters requisite to consummation of the refunding
plan, including cancellation of the refunded bonds.
(Ord. 801 § 1 (part), 1974: prior code § 25-11.8)
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.