BIL 128 Draft 02 2010-2012 - Laserfiche WebLink

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COUNTY OF HAWAII STATE OF HAWAII BILL NO. 128 (DRAFT 2) ORDINANCE NO. AN ORDINANCE TO INITIATE A CHARTER AMENDMENT TO ARTICLE X, FINANCIAL PROCEDURES, OF THE HAWAII COUNTY CHARTER (2010 EDITION), BY ADDING A NEW SECTION FOR A PUBLIC ACCESS, OPEN SPACE, AND NATURAL RESOURCES PRESERVATION MAINTENANCE FUND. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Article X, Financial Procedures, of the Hawai`i County Charter (2010 Edition), is amended by adding a new section, Public Access, Open Space, and Natural Resources Preservation Maintenance Fund to reads as follows: "Section 10- . Public Access, Open Space; and Natural Resources Preservation Maintenance Fund. The purpose of the Public Access, Open Space, and Natural Resources Preservation Maintenance Fund (hereinafter referred to as the "maintenance fund ") is to accrue and use moneys for maintenance of lands and easements acquired by the Public Access, Open Space, and Natural Resources Preservation Fund. The maintenance fund will preserve the land, promote public safety, and maintain a healthy stewardship. (b) Definitions. For the purpose of this section, the following definitions apply: "Maintenance" means to preserve and conserve lands and easements acquired by the public access, open space, and natural resources preservation fund and keep them in good repair for public safety "Maintenance fund" means a separate fund that holds moneys: 1) directed from the general fund and property tax revenues, or 2) designated grants, private contributions, proceeds from the sale of general obligation bonds, council appropriations, and any other source of revenue. (c) There is established a public access, open space, and natural resources preservation maintenance fund. This special fund shall be administered and managed by the department of parks and recreation. The financial aspects of this fund shall be handled by the department of finance. (d) In adopting each fiscal year's operating budget, the council shall appropriate a minimum of one - quarter percent of the real property tax revenue (including penalties and interest) to the maintenance fund. (Exemptions are noted below in section (g)(3) below. (e) Deposits due to the maintenance fund. (1) One - quarter per cent of all real property tax revenue (including interest and penalties) in each fiscal year shall be deposited in the maintenance fund. Deposits to the maintenance fund shall occur on a quarterly basis at a minimum.