Haw. Code R. § 15-19-56
Current through November, 2024
The authority may accept in lieu of cash in payment of any assessment, installment thereof, interest, penalty, cost, expense or any portion thereof, bonds of the assessment area in which the land is situated, whether the bonds are outstanding or hereafter issued, to a value of par, plus accrued interest to the date of acceptance of the bonds by the authority. Upon the receipt of the bonds, the authority shall cancel same and credit the assessment area with the amount allowed on the bonds.
Haw. Code R. § 15-19-56