[§304A-2258]  University of Hawaii housing
assistance revolving fund.  There is established the University of Hawaii
housing assistance revolving fund into which shall be deposited a portion of
the total indirect overhead funds generated by the university for research and
training purposes in the prior fiscal year as determined by the board of
regents.  The fund shall be used to:



(1)  Implement the university housing assistance
master plan, in accordance with policies adopted by the board of regents; and



(2)  Account for all transactions of the university
housing assistance program, including but not limited to revenues,
expenditures, loans, and transfers. [L 2006, c 75, pt of §2]