MCC §3.75.280
Minimum special taxes to cover bond payments
Read the official text at library.municode.com ↗This section sets a minimum amount for special taxes collected from a district. The taxes must be at least enough to pay the yearly bond principal and interest. They can also be used for reserve funds, credit costs, or other bond-related expenses.
landowners
The ordinance, as written (Maui County) — Minimum special taxes for payment of bond principal and interest
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.
Annual special taxes from a district shall at least equal the required annual bond
principal and interest payments for the district. In addition, the special taxes may
generate an amount sufficient to accumulate or replenish bond reserve funds, reimburse
credit enhancement expenses or prior debt service contributions, or pay other costs
or incidental expenses related to the bonds.
( Ord. No. 4947 , § 1, 2018)
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.