[§304A-2261]  University of Hawaii at Manoa
intercollegiate athletics revolving fund and University of Hawaii at Hilo
intercollegiate athletics revolving fund.  Notwithstanding any other law to
the contrary, there are established the University of Hawaii at Manoa
intercollegiate athletics revolving fund and the University of Hawaii at Hilo
intercollegiate athletics revolving fund for the intercollegiate athletic
programs of the University of Hawaii at Manoa and the University of Hawaii at
Hilo, which shall be used to receive, deposit, disburse, and account for funds
from the activities of the intercollegiate athletic programs.  The university
may establish appropriate charges for activities related to its athletic
programs and the use of its athletic facilities, the proceeds from which shall
be deposited into these revolving funds.



The university shall maintain the financial
integrity and viability of these revolving funds, including the maintenance of
an adequate reserve to cope with the various factors that impact the revenue
structure of an intercollegiate athletic program. [L 2006, c 75, pt of §2]