§237-31  Remittances.  All remittancesof taxes imposed by this chapter shall be made by money, bank draft, check,cashier's check, money order, or certificate of deposit to the office of thedepartment of taxation to which the return was transmitted.  The departmentshall issue its receipts therefor to the taxpayer and shall pay the moneys intothe state treasury as a state realization, to be kept and accounted for asprovided by law; provided that:

(1)  The sum from all general excise tax revenuesrealized by the State that represents the difference between $45,000,000 andthe proceeds from the sale of any general obligation bonds authorized for thatfiscal year for the purposes of the state educational facilities improvementspecial fund shall be deposited in the state treasury in each fiscal year tothe credit of the state educational facilities improvement special fund; and

(2)  A sum, not to exceed $5,000,000, from all generalexcise tax revenues realized by the State shall be deposited in the state treasuryin each fiscal year to the credit of the compound interest bond reserve fund.[L 1935, c 141, §12; RL 1945, §5462; RL 1955, §117-26; am L Sp 1959 2d, c 1,§16; HRS §237-31; am L 1981, c 159, §1; am L 1984, c 163, §1; am L 1985, c 239,§1; am L 1989, c 368, §3; am L 1990, c 163, §3; am L 1992, c 209, §§1, 6 assuperseded by am L 1993, c 364, §25; am L 1999, c 110, §1 and c 155, §4; am L2004, c 115, §2; am L 2006, c 304, §§2, 4; am L 2009, c 11, §3]

 

Cross References

 

  Deposits to highway fund, see §248-8.

  State educational facilities improvement special fund, see§36-32.