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

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

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

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

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

(b)  Each revolving and trust fund shall bereviewed 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 thedepartment of accounting and general services; the department of agriculture;the department of budget and finance; and the department of land and naturalresources;

(2)  Beginning 1995 and every five years thereafter,the auditor shall submit a review of the revolving and trust funds of thedepartment 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 thejudiciary and of the department of commerce and consumer affairs; thedepartment of Hawaiian home lands; the department of health; and the departmentof human services;

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

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