§261-8  Federal aid.  The department of
transportation may accept, receive, receipt for, disburse, and expend federal
moneys, and other moneys, public or private, made available by grant or loan to
accomplish, in whole or in part, any of the purposes of this chapter.  All
federal moneys accepted under this section shall be accepted and expended by
the department upon such terms and conditions as are prescribed by the United
States, and the department may enter into any contracts which may be required
in connection therewith.  All moneys received by the department pursuant to
this section shall be deposited in the treasury and, unless otherwise
prescribed by the authority from which the moneys were received, shall be kept
in separate funds designated according to the purpose for which the same were
made available, to be disbursed or expended in accordance with the terms and
conditions upon which they were made available. [L 1947, c 32, pt of §1; RL
1955, §15-14; am L Sp 1959 2d, c 1, §26; HRS §261-8]