§54-24  Operating expenses, reserves, and
appropriations.  All receipts of the board of water supply other than from
the sale of bonds shall be deposited daily in a bank by the board and the sums
so deposited shall be accounted for and be paid into the county treasury at the
end of each month and maintained in a special fund.  The board may make
appropriations and allowances from the fund for the following purposes:



(1)  For the payment of the operating and maintenance
expenses of the waterworks;



(2)  For repairs, replacements, additions, and
extensions;



(3)  For accident reserve, pension charges, and
compensation insurance;



(4)  For payment of interest and sinking funds on all
bonds issued for the acquisition or construction of the waterworks and
extensions thereto and for the reserve fund. [L 1961, c 155, pt of §1; Supp,
§145A-14; HRS §54-24]