§53-27  Limited return on investment. 
Subject to section 53-36, there shall be paid annually out of the earnings of
the redevelopment corporation, after providing for all expenses, taxes,
assessments, and depreciation in improvements, or, in the case of a lease, for
amortization, a sum for interest and dividends not exceeding eight per cent of
the total actual final cost of the project as defined by [paragraph] (2) of
section 53-32.  The obligation in respect of the payments shall be cumulative,
and any deficiency in interest and dividends in any year shall be paid from the
first available earnings in subsequent years; and any cash surplus derived from
earnings remaining in the treasury of the redevelopment corporation in excess
of the amount necessary to provide the cumulative annual sums shall, upon
dissolution of the corporation, be paid into the redevelopment fund of the
county in which the project lies. [L 1949, c 379, §10; am L 1951, c 244, §6; RL
1955, §143-26; am L 1959, c 44, §3; HRS §53-27]