Laserfiche WebLink
SECTION 2. Article X, section 10-16, of the Charter of the County of Hawaii (2024 <br />Edition) is amended to read as follows: <br />"Section 10-16. Public Access, Open Space, and Natural Resources Preservation <br />Maintenance Fund. <br />[ , <br />maintenanee F,.,a . 4II e e that adita tthe land, promote pub,;�- <br />e sereo � e e e e (b) For- the purpose of this seetion, "maintenanee" means to pr-esen,e afid e6f%en'0 4REIS Mid <br />Rind and keep them i good for publie safet. ] <br />[(f)] (a) There is established a special fund known as the public access, open space, and natural <br />resources preservation maintenance fund [gel=eiaa ter-- te;anee fund"). <br />maintenanee fund shall be administer-ed and managed by the depaftment of ], into <br />which shall be deposited: <br />(1) One-half of one percent of all real property tax revenue, including; interest and <br />penalties; <br />(2) All proceeds from the sale of general obligation bonds authorized and issued for <br />the purposes of this section; and <br />(3) Other appropriations made by the council to the fund. <br />(b) The purpose of the fund is to support and promote the stewardship, preservation, <br />restoration, public safety, and maintenance of lands, interests in lands, and easements <br />acquired through the public access, open space, and natural resources preservation fund. <br />(c) The director of finance shall manage the administration and use of the maintenance fund <br />in accordance with the provisions of this section and as may be further provided by <br />ordinance. <br />[(d) Deposits due t the m nte, anee fund <br />in fiseal <br />budget, the <br />(1) adepting eaeh yeaf's operating <br />eetineil <br />shall appropriate one - <br />to the fund. Deposits <br />to the <br />fund <br />penalties) maintenanee <br />Additional deposited in the <br />maintenanee <br />fund <br />shall eeeur- <br />(2) r-evenue <br />.,te , „t.-ibutions intended for the <br />maintenanee <br />this <br />may eeliSiSt of gralitS aHA- <br />eddos F A-m the, <br />bonds <br />purpose of <br />issued <br />seetio , <br />fer- the <br />sale of gener-al obligation authorized <br />eetion f .. the <br />and <br />this <br />pur-pese ef this <br />., the.. <br />eouneilappr-op6a4ions <br />of feveffti�--] <br />par -pose of section <br />and <br />[(e)] (d) 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 accounts <br />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 interest and <br />penalties; and <br />