MCC §14.58.130
How refunding assessment payments are recorded and used
Read the official text at library.municode.com ↗After a refunding plan is completed, the finance director must mark old assessments as replaced. Money collected from the new assessments and from selling refunding bonds goes into special accounts to pay for the refunding plan and the bonds.
landowners
The ordinance, as written (Maui County) — Collection—Credit for payment
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.
When the refunding plan has been consummated, the director of finance, on his record
pertaining to the original or reassessments, or both, shall note thereon that same
have been displaced by the refunding assessment. Collections from payments of refunding
assessments during the thirty-day period provided in section 14.50.060 shall be credited to a separate refunding account for the special improvement district
fund referred to in section 14.50.230 , from which shall be paid the costs of the refunding plan, including retirement or
purchase of bonds to be refunded. Proceeds of the sale of refunding bonds shall also
be credited to the refunding account. Collections from payments of installments on
or advance payment of unpaid refunding assessments shall be credited to a separate
refunding bond account for the special fund.
(Ord. 801 § 1 (part), 1974: prior code § 25-11.10)
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.