§163D-15.5  Waiahole water system revolving
fund.  (a)  There is established within the state treasury a revolving fund
to be known as the Waiahole water system revolving fund, which shall be
administered by the corporation and into which shall be deposited all revenues
from assessments, tolls, appropriations made by the legislature to the fund,
interest on investments attributable to the Waiahole water system, and other
income, receipts, and revenues received by the corporation from the operation
of the Waiahole water system.  Moneys in the Waiahole water system revolving
fund 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 purpose
deemed necessary by the corporation for the purpose of acquiring and operating
the Waiahole water system.  The corporation may utilize contributions of money,
labor, materials, and property that may be otherwise available from any person
or instrumentality.



(b)  No expenditure, use, or transfer of funds
from the Waiahole water system revolving fund by the corporation shall be
subject 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 the
powers and authority of the commission on water resource management or its
powers to modify water allocations.  L 1998, c 111, §15.