§163D-15.5  Waiahole water system revolvingfund.  (a)  There is established within the state treasury a revolving fundto be known as the Waiahole water system revolving fund, which shall beadministered by the corporation and into which shall be deposited all revenuesfrom assessments, tolls, appropriations made by the legislature to the fund,interest on investments attributable to the Waiahole water system, and otherincome, receipts, and revenues received by the corporation from the operationof the Waiahole water system.  Moneys in the Waiahole water system revolvingfund shall be expended by the corporation for the acquisition, planning,design, improvement, construction, equipping, furnishing, administering,operating, and maintaining of the Waiahole water system and any other purposedeemed necessary by the corporation for the purpose of acquiring and operatingthe Waiahole water system.  The corporation may utilize contributions of money,labor, materials, and property that may be otherwise available from any personor instrumentality.

(b)  No expenditure, use, or transfer of fundsfrom the Waiahole water system revolving fund by the corporation shall besubject to chapter 42F or 103. [L 1998, c 111, §3; am L 2004, c 216, §19]

 

Note

 

  Acquisition of Waiahole water system shall not affect thepowers and authority of the commission on water resource management or itspowers to modify water allocations.  L 1998, c 111, §15.