§39B-2  Allocation of annual state ceiling. (a)  The annual state ceiling shall be allocated for each calendar year in thefollowing proportions:

(1)  An amount equal to fifty per cent of the annualstate ceiling to the State;

(2)  An amount equal to 37.55 per cent of the annualstate ceiling to the city and county of Honolulu;

(3)  An amount equal to 5.03 per cent of the annualstate ceiling to the county of Hawaii;

(4)  An amount equal to 2.41 per cent of the annualstate ceiling to the county of Kauai; and

(5)  An amount equal to 5.01 per cent of the annualstate ceiling to the county of Maui.

(b)  The department, with the approval of thegovernor, may assign all or any part of the allocation of the State to anyissuer or any county for a specific calendar year or years.  At the request ofthe department, any issuer or county to which any part of the State'sallocation has been assigned shall return all or part of the assignment, inwhich case the department may provide for its reassignment.

(c)  The department may request return of allor any part of the allocations of one or more counties made pursuant tosubsection (a), and may assign and reassign the allocation to any other countyor issuer for a specified calendar year or years.

(d)  A county, by resolution of its governingbody, or any issuer, by written certificate of such issuer, may requestadditional allocations of the annual state ceiling from, or assign all or anypart of its portion of the allocation of the annual state ceiling to, the Statefor a specified calendar year or years. [L 1985, c 12, pt of §2; am L 1987, c62, §4]