ยง109-3 - Stadium special fund.
ยง109-3ย Stadium special fund.ย There is
created a special fund to be known as the stadium special fund into which funds
collected by the authority shall be deposited; provided that all funds received
pursuant to this section shall be kept completely separate from the Kapolei
recreational sports complex special fund.ย Moneys may not be transferred
between the stadium special fund and the Kapolei recreational sports complex
special fund.ย The stadium special fund shall be applied, used, and disposed of
for the payment of:
(1)ย The expenses of the operation, maintenance,
promotion, and management of; and
(2)ย All or a portion of the cost of financing any
capital improvement project for;
the stadium and related facilities; provided that
all services required for the stadium and related facilities shall be performed
by persons hired on contract or otherwise, without regard for chapter 76;
provided further that the authority shall report to the legislature all
receipts and expenditures of the stadium special fund account twenty days prior
to the convening of each regular session. [L 1970, c 172, ยง3; am L 1971, c 125,
pt of ยง1 and c 173, ยง4; am L 1975, c 172, ยง2; am L 1993, c 280, ยง7; am L 1995,
c 149, ยง2; am L 1999, c 160, ยง9; am L 2000, c 253, ยง150]