BIL 090 Draft 02 2014-2016 - Laserfiche WebLink

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(5) Two percent of Hawaii County real property tax revenues collected annually (including penalties and interest). Deposits will be made to the Fund on June 30, 2007 and then again on December 31, 2007, and on December 31 and June 30, in successive years, with deposits being calculated on all real property tax payments (including penalties and interest) received in the prior six months. Additional deposits and adjustments may be made at the discretion of the director of finance; (6) Monies from items numbered (1), (2), (3), and (4) above, shall be deposited as received; and (7) Notwithstanding (b)(5) of this section, for the period from July 1, 2009 to June 30, 2011, no payments relating to this section shall be allocated or deposited, provided, however, that all payments accrued through June 30, 2009 shall be allocated and deposited by July 31, 2009." SECTION 5. Chapter 2, article 42, section 2-214, of the Hawaii County Code 1983 (2005 Edition, as amended), is amended by amending subsection (d) to read as follows: "(d) The director of finance shall ensure that the following covenant is written and duly recorded as part of the deed of any property acquired pursuant to this [aAiele:] section: "This land/easement was acquired with moneys from the Public Access, Open Space, and Natural Resources Preservation Fund. It shall be held in perpetuity for the use and enjoyment of the people of Hawaii County and may not be sold, mortgaged, traded or transferred in any way." The director of finance shall select either "land" or "easement" based on the type of property acquired." SECTION 6. Chapter 2, article 42, of the Hawaii County Code 1983 (2005 Edition, as amended), is amended by adding a new section to read as follows: "Section 2-214.2. Public access, open space, and natural resources preservation maintenance fund. (a) Pursuant to section 10-16(c) of the Charter, a special fund known as the public access, open space, and natural resources preservation maintenance fund is established. The purpose of this special fund is to accrue and use moneys for maintenance of lands and easements acquired in full or in part by the public access, open space, and natural resources preservation fund. b� Pursuant to section 10-16(c) of the Charter, the maintenance fund shall be administered and managed by the department of parks and recreation. Adequate staff to carry out the provisions of this article and section 10-16 of the Charter shall be provided in the department of parks and recreation. 2