[§211F-5.7]  Hydrogen investment
capital special fund.  (a)  There shall be established the hydrogen
investment capital special fund, into which shall be deposited:



(1)  Appropriations made by the legislature to the
fund;



(2)  All contributions from public or private
partners;



(3)  All interest earned on or accrued to moneys
deposited in the special fund; and



(4)  Any other moneys made available to the special
fund from other sources.



(b)  Moneys in the fund shall be used to:



(1)  Provide seed capital for and venture capital
investments in private sector and federal projects for research, development,
testing, and implementation of the Hawaii renewable hydrogen program, as set
forth in section 196-10; and



(2)  For any other purpose deemed necessary to carry
out the purposes of section 196‑10. [L 2006, c 240, §7]