§10-31 - Office of Hawaiian affairs projects to be self-supporting.
§10-31 Office of Hawaiian affairs projectsto be self-supporting. The board shall impose and collect rates, rents,fees, and charges for the use or enjoyment and services of the facilities ofeach office project, and shall revise such rates, rents, fees, and charges,whenever necessary, or direct all or any portion of the revenues of the office,so that in the aggregate, the revenues of the office project and the revenuesof the office shall produce revenue at least sufficient to:
(1) Pay the cost of maintenance of the office projector projects, including reserves therefor;
(2) Pay when due all bonds and interest thereon, forthe payment of which the revenue is or has been pledged, charged, or otherwiseencumbered, including reserves therefor;
(3) Reimburse the general fund of the State for anybond requirements on general obligation bonds issued for an office project orprojects to the extent required by law; and
(4) Carry out all covenants and provisions of theresolution or resolutions authorizing the issuance of revenue bonds.
Neither this section nor any other section ofthis part shall preclude the making of appropriations to the board, theacceptance of gifts by the board, or the use of revenues of the office or otherfunds derived from the sale of stocks, bonds, or other assets in the possessionof the board to pay all or part of the costs of construction, of maintenance,or both, of any or all office projects.
All moneys received pursuant to this sectionshall be administered as trust funds, as provided by this chapter, and inseparate accounts designated for each office project. [L 1994, c 283, pt of§2(2); am L 2009, c 146, §9]