[§304A-2161]  Hawaii educator loan program
special fund.  There is established the Hawaii educator loan program
special fund, for the purpose of providing loans pursuant to section
[304A-701].  The following may be deposited into the special fund:  appropriations
made by the legislature, private contributions, repayment of loans, including
interest and payments received on account of principal, and moneys from other
sources; provided that:



(1)  Moneys on balance in the special fund at the
close of each fiscal year shall remain in that fund and shall not lapse to the
credit of the general fund; and



(2)  An amount from the special fund not exceeding
five per cent of the total amount of outstanding loans may be set by the
university to be used for administrative expenses incurred in administering the
special fund. [L 2006, c 75, pt of §2]