Haw. Code R. § 13-147-5 - Trust fund assets
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.
Notes
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