Haw. Code R. § 13-147-6 - Trust fund expenditures

The trust fund assets shall be expended for any of the following purposes by board action:

(1) Condemnation of private lands to create a new state park(s);

(2) Condemnation of private lands to expand an existing state park(s); and

(3) Costs of administering the trust fund. Such expenditures of fund monies shall be limited to earned interest amounts available in the fund at the time of expenditure.

Notes

Haw. Code R. § 13-147-6

[Eff MAY 15 1999] (Auth: HRS § 184-3.5) (Imp: HRS § 184-3.5)