§6K-9.5  Kaho‘olawe rehabilitation trustfund.  (a)  There is created in the state treasury a trust fund to bedesignated as the Kaho‘olawe rehabilitation trust fund to be administered bythe department with the prior approval of the commission.  Subject to PublicLaw 103-139, and this chapter:

(1)  All moneys received from the federal governmentfor the rehabilitation and environmental restoration of the island ofKaho‘olawe or other purposes consistent with this chapter;

(2)  Any moneys appropriated by the legislature to thetrust fund;

(3)  Any moneys received from grants, donations, orthe proceeds from contributions; and

(4)  The interest or return on investments earned frommoneys in the trust fund,

shall be deposited in the trust fund and shall be usedto fulfill the purposes of this chapter.

(b)  The commission may use moneys in the trustfund to carry out the purposes of this chapter, including hiring employees,specialists, and consultants necessary to complete projects related to thepurposes of this chapter.

(c)  Moneys deposited into or appropriated tothe trust fund shall remain available until they are obligated or until thetrust fund is terminated.

(d)  If the trust fund is terminated, all fundsshall be transferred to the general fund; provided that all unexpended orunencumbered balances shall be disbursed in accordance with any requirementsset by funding sources and for purposes consistent with this chapter.

(e)  The commission shall submit an annualreport on the status of the Kaho‘olawe rehabilitation trust fund to thelegislature, no later than twenty days prior to the convening of each regularsession of the legislature.  The annual report shall include the total numberof and amount of grants, donations, and contributions received and balancesremaining on June 30 of each year. [L 1994, c 161, §2; am L 2001, c 126, §2]