[§346C-5]  Long-term care benefits fund.  (a) 
There is established in the state treasury the long-term care benefits
fund, into which shall be deposited moneys collected as long-term care taxes. 
The department of budget and finance shall deposit the moneys in federally
insured financial institutions in Hawaii to preserve the balance and ensure a
reasonable return under prevailing interest rates.  Investments of the moneys
may be made subject to the requirements of this chapter.



(b)  Expenditures from the fund shall be made
solely for the purpose of making benefit payments and the cost of
administration.



(c)  Notwithstanding any law to the contrary,
moneys in the fund shall not be transferred to another fund at any time nor for
any purpose.



(d)  Costs for the administration of the
program shall be paid from moneys in the long-term care benefits fund as
follows:



(1)  Up to four per cent of the total monthly deposit
into the fund to cover general administrative expenses; and



(2)  Up to four per cent of the total monthly amount
of claims paid out from the fund may be used to pay for administrative expenses
related to claims processing. [L 2002, c 245, pt of §2]