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

(b)  Expenditures from the fund shall be madesolely for the purpose of making benefit payments and the cost ofadministration.

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

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

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

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