§206J-17  Aloha Tower fund.  (a)  Thereis created the Aloha Tower fund.  All:

(1)  Moneys;

(2)  Rentals;

(3)  Charges;

(4)  Other revenues of the development corporation;and

(5)  Moneys or charges received by the department ofbusiness, economic development, and tourism;

including reimbursements for costs and staffservices as a result of planning, development, or redevelopment of the landslocated seaward of Nimitz Highway between Pier 4 and the Honolulu InternationalAirport shall be deposited into the fund.

(b)  The development corporation may establisha separate account with respect to each issue of bonds issued under thischapter and direct that the moneys, rentals, charges, and other revenuespledged to the payment of the bond issue be credited to that account and, aspermitted by section 206J-12(g)(7), designate a trustee to receive and receiptfor, hold, and administer the moneys in the account.  Moneys credited to aseparate account held by a trustee may be paid directly to the trustee; providedthat appropriate entries are made for purposes of accounting.

(c)  The moneys on deposit in the fund shall beused for the purposes of this chapter and for the development, redevelopment,or improvement of the Honolulu Waterfront located seaward of Nimitz Highwaybetween Pier 4 and the Honolulu International Airport. [L 1981, c 236, pt of§1; am L 1986, c 146, §14; am L 1994, c 137, §3]