§36-29 Transfer from harbor special fund. Any other law to the contrary notwithstanding, there shall be deducted from time to time by the director of finance for the purpose of defraying the prorated estimate of central service expenses of government in relation to the harbor special fund five per cent of all receipts and deposits in the harbor special fund after deducting therefrom any amounts pledged, charged, or encumbered for the payment of bonds or interest thereon during the current year, from which receipts or deposits no deduction of five per cent has previously been made. The deductions shall be transferred to the general fund of the State and become general realizations of the State. For the purposes of this section, the term "any amount pledged, charged, or encumbered for the payment of bonds or interest thereon during the current year" shall include:
(1) Amounts which are so pledged, charged or encumbered;
(2) Amounts otherwise required to be applied to the payment of principal of and interest on revenue bonds or other revenue obligations;
(3) Amounts required to be paid into a separate special fund for the payment of principal of and interest on revenue bonds or other revenue obligations payable from the second separate special fund; and
(4) Amounts required by law to be paid from the harbor special fund into the general fund of the State to reimburse the general fund for bond requirements for general obligation bonds issued for harbor purposes.
The second separate special fund maintained by deposits from the harbor special fund shall not be deemed to be a special fund within the meaning of section 36-27 or section 36-30. The director of transportation shall cooperate with the director of finance in effecting the transfer. [L 1955, c 247, §3; RL 1955, §132-18; am L Sp 1959 2d, c 1, § §14, 26; am L 1963, c 114, §1; am L 1967, c 221, §7; HRS §36-29]
Cross References
Harbor special fund, see §266-19.
Structure Hawaii Revised Statutes
Title 5. State Financial Administration
36-1 Responsibility for moneys.
36-2.5 Full disclosure of entities receiving state awards.
36-5 Responsibility for drafts on treasury.
36-7 Director's certificates, evidence.
36-8 Director may administer oaths.
36-21 Short-term investment of state moneys.
36-22 Loans for federal-aid projects.
36-23 Purchase of county bonds.
36-24 Loans to state and county agencies.
36-25 Transfers to loan fund; interest.
36-26 Transfer of unrequired funds for redemption of serial bonds.
36-27 Transfers from special funds for central service expenses.
36-28 Transfers from state highway fund for central service expenses.
36-28.5 Transfer from airport revenue fund.
36-29 Transfer from harbor special fund.
36-29.5 Transfer from boating special fund.
36-30 Special fund reimbursements for departmental administrative expenses.
36-31 Transfers from special funds, limited or suspended, when.
36-36 School physical plant operations and maintenance account; maintenance schedule.
36-41 Energy retrofit and performance contracting for public facilities.
36-42 Vehicle fleet performance contracts for vehicle fleet energy efficiency programs.