HAR §13-147-5
HAR §13-147-5. Trust fund assets
Cite as Haw. Code R. § 13-147-5
The trust fund
assets shall consist of:
(1)
Contributions received by and deposited with
the State for the acquisition of specified
private lands for a particular proposed or
existing park(s);
(2)
Contributions received by and deposited with
the State for the acquisition of unspecified
private lands for state park purposes; and
(3)
Interest earned or accrued on invested trust
fund moneys; provided that invested moneys
shall be limited to guaranteed interest
accounts or, if certificates of deposit,
shall not be of a term that would jeopardize
timely expenditure of invested principal
toward an earmarked private land acquisition
for state park purposes.
[Eff May 15 1999]
(Auth:
HRS §184-3.5)
(Imp:
HRS §184-3.5)