ROH §14-11.6
Paying improvement district assessments with bonds
Read the official text at honolulu.gov ↗The city budget director can accept improvement district bonds instead of cash to pay assessments, interest, penalties, or costs. The bonds are valued at their full principal plus interest earned up to the date they are accepted. Once accepted, the bonds are sent for cancellation and the district gets credit for the amount.
landowners
The ordinance, as written (Honolulu County) — Payment in bonds
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.
In payment of any assessment, installment thereof, interest, penalty, cost, expense, or any portion thereof, 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 in an amount equal to 100 percent of the principal amount of such bonds, plus accrued interest on such bonds to the date of acceptance of such bonds by the director of budget and fiscal services. 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.
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