Haw. Code R. § 15-19-60
Current through November, 2024
At any sale for default in payment of any assessment as aforesaid, the authority may accept, in lieu of cash, in payment for the land so sold, bonds of the assessment area whether the bonds are then outstanding or hereafter issued, to a value of par plus accrued interest to date of sale. 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. § 15-19-60