§54-21 Reserve fund. The board of water supply may provide for the accumulation of a fund for the purpose of financing major replacements, or extensions and additions, the average estimated annual increment to which, for a period of ten years, shall not exceed fifteen per cent of the gross revenue of the board in any fiscal year. [L 1961, c 155, pt of §1; Supp, §145A-11; HRS §54-21]
Structure Hawaii Revised Statutes
Title 6. County Organization and Administration
54-1 Improvement by assessment.
54-13 Organization and meetings.
54-15 Powers and duties of board.
54-17 Outstanding obligations.
54-18 Purchase and sale of waterworks property; contracts.
54-19 Construction, additions, extensions, increases, betterments, and improvements.
54-20 Accounts, revenues and expenditures.
54-23 Provisions for payment of bonds, etc.
54-24 Operating expenses, reserves, and appropriations.
54-28 Agreement for joint use of utilities.
54-30 Deposit of money in banks.
54-31 Name and service of process; claims against the board.
54-32 Office and base yard facilities.
54-53 Organization and meetings.
54-56 Purchases and contracts.
54-57 Construction, additions, extensions, increases, betterments, and improvements.
54-58 Accounts, revenues, and expenditures.
54-65 Agreements for joint use of utilities.