Haw. Code R. § 10-3-52 - Hawaiian home receipts fund
(a) At the end of each quarter, all moneys in the Hawaiian home receipts fund shall be transferred as authorized by the act. At the commission meeting immediately before or at the end of each quarter, the department or commission on its own motion may recommend for commission approval a plan for transfer of all moneys in the Hawaiian home receipts fund for that respective quarter. The plan for transfer shall take into consideration the department's budget projections as well as priorities established by the commission for the moneys.
(b) If the commission fails to approve a plan for transfer, all moneys in the Hawaiian home receipts fund shall be transferred at the end of that respective quarter as follows:
(1) Nine per cent to the operating fund; and
(2) Ninety-one per cent to the general loan fund.
Notes
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