[§206E-195] Kalaeloa community development revolving fund.  (a)  There is established in the state treasurythe Kalaeloa community development revolving fund, into which shall bedeposited:

(1)  All revenues,income, and receipts of the authority for the Kalaeloa community developmentdistrict, notwithstanding any other law to the contrary, including section206E-16;

(2)  Moneysdirected, allocated, or disbursed to the Kalaeloa community developmentdistrict from government agencies or private individuals or organizations,including grants, gifts, awards, donations, and assessments of landowners forcosts to administer and operate the Kalaeloa community development district;and

(3)  Moneys appropriated to the fund by thelegislature.

(b)  Moneysin the Kalaeloa community development revolving fund shall be used for thepurposes of this part.

(c) Investment earnings credited to the assets of the fund shall become part of theassets of the fund. [L 2002, c 184, pt of §2]