§171-19.5  Infrastructure development fund;establishment.  (a)  There is established in the state treasury theinfrastructure development fund to be administered by the department of landand natural resources.  Funds transferred or appropriated by the legislatureand moneys received or collected by the department of land and naturalresources, as authorized by the legislature, shall be deposited into theinfrastructure development fund.

(b)  The infrastructure development fund shallbe used to provide funding for infrastructure development in the Kikala-Keokeaarea on the island of Hawaii to benefit residents of Kalapana who have beendispossessed of their homes and lands as a result of the continued volcaniceruptions on the island of Hawaii, which began on January 3, 1983. Proceeds of this fund may be used for necessary expenses in the administrationof the fund.

(c)  Upon fulfillment of the purposes of thissection, any unexpended or unencumbered funds appropriated by the legislatureor remaining in the infrastructure development fund as of the close of businesson December 31, 2004, shall not lapse into that fund or to the credit of thegeneral fund, but shall be transferred to the credit of the Kikala-Keokeahousing revolving fund established in section 201H-81 as of that date; providedthat any unexpended or unencumbered moneys that were provided by the office ofHawaiian affairs and deposited into the infrastructure development fund for thepurpose of infrastructure development shall be refunded to the office ofHawaiian affairs upon the completion of the fund's intended purpose.  No fundsshall be transferred until all funding commitments entered into by thedepartment of land and natural resources to complete the design andconstruction of infrastructure improvements have been executed. [L 2001, c 144,§2; am L 2003, c 43, §1; am L 2007, c 249, §13]