[§109-9] Kapolei recreational sports complex special fund. There is created a special fund to be known as the Kapolei recreational sports complex special fund into which funds appropriated by the legislature, received pursuant to a management contract under section 109-2(3), or collected by the authority from the operations of the Kapolei recreational sports complex shall be deposited subject to contracts entered into pursuant to section 109-2(3); provided that all funds received pursuant to this section shall be kept completely separate from the stadium special fund. Moneys may not be transferred between the Kapolei recreational sports complex special fund and the stadium special fund. The Kapolei [recreational] sports complex special fund shall be applied, used, and disposed of for the payment of:
(1) The expenses of the operation, maintenance, promotion, and management of; and
(2) All or a portion of the cost of financing any capital improvement project for;
the Kapolei recreational sports complex; provided that all services required for the Kapolei recreational sports complex shall be performed by persons hired on contract or otherwise, without regard for chapter 76; provided further that the authority shall report annually to the legislature all receipts and expenditures of the Kapolei recreational [sports] complex special fund account no later than twenty days prior to the convening of each regular session. [L 1999, c 160, §5; am L 2000, c 253, §150]
Section: Previous 109-1 109-2 109-3 109-4 109-5 109-6 109-7 109-8 109-9Last modified: October 27, 2016