§206-41  Source of operating funds;disposition of unencumbered funds.  (a)  All moneys to carry out thepurposes of this chapter shall be allocated by the legislature in accordancewith subsection (c) out of appropriations from the state general fund.  Thedepartment shall include in its budgetary request for each upcoming fiscalperiod, the amounts necessary to effectuate the purposes of this chapter.

(b)  All unexpended balances of appropriations,allocations, allotments, special revolving funds, or other funds heretoforecreated and made available for the purposes of developing or administering anyproject subject to this chapter shall be transferred to the state general fund;provided that any unexpended balances in any special revolving fund or otherfunds created and made available, in whole or in part, with federal funds, orwith assistance from the federal government, or for housing undertaken pursuantto a contract between the federal government and the State or the board of landand natural resources shall be segregated from other funds and shall bedeposited and maintained as required by the federal government.

(c)  There is appropriated from the generalrevenues of the State sufficient moneys as may be necessary, from time to time,with the approval of the governor, for the purposes specified in this chapter,provided that not more than $1,000,000 may be expended, with the approval ofthe governor, in land development for any one project; and provided furtherthat such sums as may be utilized from time to time and which are reimbursedfrom land sales shall be deposited into the general fund.

All moneys received by the board under orpursuant to this chapter, including refunds, reimbursements, and revenues,shall be deposited in the state general fund, to the extent permitted byfederal law or regulation.  Except as otherwise provided by this chapter, thefunds appropriated by the legislature may be expended by the board for any andall of the purposes of this chapter, including, without prejudice to thegenerality of the foregoing, the acquisition, clearance, and improvement ofproperty; the construction and reconstruction of building sites; and thedevelopment and administration of development projects and administrationexpenses.  The provisions of this section shall be subject to applicablefederal law and regulation, to any contract between the federal government andthe State or the board relating to development projects subject to thischapter, and to the terms and conditions of contributions or other assistancefrom the federal government. [L 1961, c 6, §39; am L 1963, c 114, §1; am L1965, c 157, §5; Supp, §98J-39; HRS §206-41; am L 1993, c 280, §48]