Hawaii Revised Statutes 54-21 Reserve Fund.

Cross References

Loans and grants program, see chapter 340E.

§54-21 Reserve fund. The board of water supply may provide for the accumulation of a fund for the purpose of financing major replacements, or extensions and additions, the average estimated annual increment to which, for a period of ten years, shall not exceed fifteen per cent of the gross revenue of the board in any fiscal year. [L 1961, c 155, pt of §1; Supp, §145A-11; HRS §54-21]

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Last modified: October 27, 2016