§88-224  Contribution fund; established. There is established a special fund to be known as the contribution fund.  Thefund shall consist of and there shall be deposited in such fund:

(1)  All contributions, interest, and penaltiescollected under sections 88-215 and 88-221 to 88-223;

(2)  All moneys appropriated thereto under this part;

(3)  Any property or securities and earnings thereofacquired through the use of moneys belonging to the fund;

(4)  Interest earned upon any moneys in the fund; and

(5)  All sums recovered upon the bond of the custodianor otherwise for losses sustained by the fund and all other moneys received forthe fund and from any other source.

All moneys in the fund shall be mingled andundivided.  Subject to the provisions of this part, the state agency is vestedwith full power, authority and jurisdiction over the fund, including all moneysand property or securities belonging thereto, and may perform any and all actswhether or not specifically designated, which are necessary to theadministration thereof and are consistent with this part. [L 1953, c 217,§6(a); RL 1955, §6-200; HRS §88-224]