§502-8  Bureau of conveyances special fund. 
(a)  There is established in the state treasury the bureau of conveyances
special fund, into which shall be deposited the revenues remitted pursuant to
sections 501-23.5 and 502-25, interest earnings, grants, donations, and
appropriations from the legislature that shall be held separate and apart from
all other moneys, funds, and accounts in the state treasury.



(b)  Moneys in the bureau of conveyances
special fund shall be used by the bureau of conveyances for the following
purposes:



(1)  Planning, design, construction, and acquisition
of equipment, furnishings, and software necessary for the development of the
recording system described in this chapter and chapter 501;



(2)  Operating, maintaining, and improving the
recording system described in this chapter and chapter 501 or any other purpose
deemed necessary by the bureau of conveyances for the purpose of planning,
improving, developing, operating, and maintaining the recording system
described in this chapter and chapter 501;



(3)  Permanent and temporary staff positions for the
purposes of this chapter and chapter 501; and



(4)  Administrative costs for the purposes of this
chapter and chapter 501.



(c)  All moneys in excess of $500,000 remaining
on balance in the bureau of conveyances special fund on June 30 of each year
shall lapse to the credit of the state general fund; provided that any balance
of funds collected pursuant to section 16 of Act 120, Session Laws of Hawaii
2009, shall not lapse to the credit of the state general fund.  On July 1 of
each year, the director of finance is authorized to transfer any excess funds
in the bureau of conveyances special fund to the state general fund. [L 1999, c
125, §2; am L 2003, c 178, §58; am L 2009, c 120, §12]



 



Note



 



  Transfer of certain interest earnings to general fund until
June 30, 2015.  L 2009, c 79, §30(a)(39).