§23-12  Review of revolving and trust
funds.  (a)  The office of the state auditor shall report to the
legislature, at each regular session, a review of revolving and trust funds
established to provide services rendered by any state department or establishment
to other state departments or establishments or to any political subdivision of
the State.  The review shall include but not be limited to:



(1)  An evaluation of the original intent and purpose
of each fund, both as expressed by the legislature and as understood by the
expending agency;



(2)  The degree to which each fund achieves the stated
and claimed purposes;



(3)  An evaluation of performance standards
established by the agency; and



(4)  A summary statement reflecting total fund
transactions in the preceding five fiscal years, including the fund balance at
the beginning of each fiscal year, total deposits and withdrawals, amount of
interest earned, total expenditures made from the fund, and the ending fund
balance for each fiscal year.



(b)  Each revolving and trust fund shall be
reviewed every five years as follows:



(1)  Beginning 1994 and every five years thereafter,
the auditor shall submit a review of the revolving and trust funds of the
department of accounting and general services; the department of agriculture;
the department of budget and finance; and the department of land and natural
resources;



(2)  Beginning 1995 and every five years thereafter,
the auditor shall submit a review of the revolving and trust funds of the
department of the attorney general; the department of business, economic development,
and tourism; and the University of Hawaii system;



(3)  Beginning 1996 and every five years thereafter,
the auditor shall submit a review of the revolving and trust funds within the
judiciary and of the department of commerce and consumer affairs; the
department of Hawaiian home lands; the department of health; and the department
of human services;



(4)  Beginning 1997 and every five years thereafter,
the auditor shall submit a review of the revolving and trust funds of the
office of the governor; the office of Hawaiian affairs; and the department of
education; and



(5)  Beginning 1998 and every five years thereafter,
the auditor shall submit a review of the revolving and trust funds of the
department of labor and industrial relations; the department of taxation; the
department of human resources development; the department of public safety; and
all other moneys expended in accordance with section 37-40. [L 1993, c 280,
§57; am L 1994, c 56, §21]