ROH §14-11.10
Paying for land with improvement district bonds
Read the official text at honolulu.gov ↗At a sale for unpaid assessments, the city budget director may accept improvement district bonds instead of cash. The bonds are valued at their full principal plus interest up to the sale date. The director then cancels the bonds and credits the district.
buyersstate agencies
The ordinance, as written (Honolulu County) — Purchase at sale
A copy, taken August 22, 2026. The version published by Honolulu is the one that governs, and it may have changed since. Check it before relying on anything here.
At any sale for default in payment of any assessment, in payment for the land so sold, the director of budget and fiscal services may accept, in lieu of cash, bonds of the subject improvement district issued pursuant to § 14-12.1 (a). Such bonds shall be valued at an amount equal to 100 percent of the principal amount of such bonds, plus accrued interest on such bonds to date of sale. Upon the receipt of such bonds, the director of budget and fiscal services shall forward the same to the registrar for such bonds for cancellation and credit the improvement district with the amount allowed on such bonds.
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Published by the City and County of Honolulu through American Legal Publishing.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.