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CHARTER AMENDMENT NO. CA -18, DRAFT 2 <br />BE IT ENACTED BY THE PEOPLE OF THE COUNTY OF HAWAII: <br />Section 1. Article X, Section 10-16, of the Hawai`i County Charter (2018 <br />Edition), is amended to read as follows: <br />"Section 10-16. Public Access, Open Space, and Natural Resources Preservation <br />Maintenance Fund. <br />(a) The purpose of the public access, open space, and natural resources preservation <br />maintenance fund is to accrue and use moneys for maintenance of lands and <br />easements acquired by the public access, open space, and natural resources <br />preservation fund. The maintenance fund will ensure that money is dedicated to <br />preserve the land, promote public safety, and maintain a healthy stewardship. <br />(b) [Definitions.] For the purpose of this section, [the following definitions apply: <br />"Maintenance"] "maintenance" means to preserve and conserve lands and <br />easements acquired by the public access, open space, and natural resources <br />preservation fund and keep them in good repair for public safety. <br />["Maintenance fund" means a separate fund that holds moneys directed <br />from: 1) the general fund and property tax revenues; or 2) designated grants, <br />private contributions, proceeds from the sale of general obligation bonds, council <br />appropriations, and any other source of revenue.] <br />(c) There is established a public access, open space, and natural resources <br />preservation maintenance fund (hereinafter "maintenance fund"). The <br />maintenance fund shall be administered and managed by the [department of pftfis <br />and recreation. The financial aspects of the maintenance fund shall be handled by <br />the] department of finance. <br />(d) Deposits due to the maintenance fund. <br />(1) In adopting each fiscal year's operating budget, the council shall <br />appropriate one-quarter of one per cent of all real property tax revenue <br />(including interest and penalties) to the maintenance fund. Deposits to the <br />maintenance fund shall occur on a quarterly basis at a minimum. <br />(2) Additional revenue deposited in the maintenance fund may consist of <br />grants and private contributions intended for the purpose of this section, <br />proceeds from the sale of general obligation bonds authorized and issued <br />for the purpose of this section, council appropriations for the purpose of <br />this section, and any other source of revenue. <br />(e) Accounting for the maintenance fund; interest bearing accounts; reporting by the <br />department of finance. <br />(1) All moneys in the maintenance fund shall be deposited in interest bearing <br />accounts until needed. Any interest shall accrue to the maintenance fund. <br />(2) Moneys in the maintenance fund shall be identified separately for: <br />(A) Funding received from the real property tax revenue including <br />interest and penalties; and <br />