§304A-2252 - Child care programs revolving fund.
[§304A-2252] Child care programs revolving
fund. There is established a child care programs revolving fund for the
operation of child care programs established under section 304A‑116 and
the construction and renovation of child care centers established by the
University of Hawaii. Fees charged for child care at child care programs,
proceeds from donations to the university for child care programs, and proceeds
from loans or other instruments of indebtedness for the construction or
renovation of child care centers shall be deposited into the revolving fund.
Expenditures from the revolving fund shall be made for the operation of child
care programs and payment of principal and interest on obligations incurred for
the construction or renovation of child care centers. [L 2006, c 75, pt of §2]