HomeMy WebLinkAboutBIL 366 Draft 01 2006-2008COUNTY OF HAWAII
STATE OF HAWAII
BII,I, NO. 366
ORDINANCE NO.
AN ORDINANCE AMENDING CHAPTER 2 OF THE HAWAII COUNTY CODE 1983
(2005 EDITION, AS AMENDED), RELATING TO PARITY LIENS.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION I. The purpose of this measure is to clarify treatment of parity liens upon
receipt of partial payment by adding this section to article 4 of chapter 2 of the Hawaii County
Code.
SECTION 2. Chapter 2, article 4, of the Hawaii County Code 1983 (2005 edition, as
amended), is amended by adding a new section to be appropriately designated and to read as
follows:
"Section .Lien Parity.
Payment on liens that are authorized by this code or by State statute and establish
parity as to other liens shall be made as nearly as practical pro rata based on the
respective unpaid amounts of all parity liens, including- rincip~al penalty. interest,
fees. and costs."
SECTION 3. Material to be repealed is bracketed and stricken. New material is
underscored. 1n printing this ordinance, the brackets, bracketed and stricken material and
underscoring need not be included.
SECTION 4. Severability. if any provision of this ordinance, or the application
thereof to any person or circumstance, is held invalid, such invalidity shall not affect
other provisions or applications of the ordinance which can be given effect without the
invalid provision or application, and to this end, the provisions of this ordinance are
declared to be severable.
SECTION 5. This ordinance shall take effect upon its approval.
INTRODUCED BY:
COUNCIL MEMBEb(~ COI~7N'~y OF HAWAII
Hawaii
Date of Introduction:
Date of 1st Reading:
Date of 2nd Reading:
Effective Date:
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