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

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