Supplement 07 - Laserfiche WebLink

Home

ADMINISTRATION § 2-235 Section 2-235. Use of funds. (a) Pursuant to sections 46-16.8 and 248-2.6, Hawaii Revised Statutes, moneys received from the State derived from the imposition of the surcharge established under this article will be a general fund realization. Moneys received from the surcharge shall be expended for: (1) Operating or capital costs of public transportation within the County for public systems, including public roadways or highways, public buses, trains, ferries, pedestrian paths or sidewalks or bicycle paths; (2) Expenses in complying with the Americans with Disabilities Act of 1990 with respect to paragraph (1); or (3) As otherwise authorized by State statute. (b) "Capital costs" in this section means nonrecurring costs required to construct a transit facility or system, including debt service, costs of land acquisition and development, acquiring rights-of-way, planning, design and construction, and including equipping and furnishing the facility or system. (c) Any balance remaining in the general excise tax fund at the end of any fiscal year shall not lapse,but shall remain in the fund accumulating from year to year. The moneys in this fund shall not be used for any purpose except those listed in this section, or as allowed by any amendments to sections 46-16.8 and 248-2.6, Hawaii Revised Statutes. (2018, ord 18-74, sec 2; am 2019, ord 19-29, sec 2.) Section 2-236. Termination of surcharge. This general excise and use tax surcharge shall not extend beyond December 31, 2030, pursuant to Act 11, Session Laws of Hawaii, codified as section 46-16.8, Hawaii Revised Statutes, as amended. (2018, ord 18-74, sec 2; am 2019, ord 19-29, sec 2.) Article 46. Commercial Sponsorship of County Assets. Section 2-237. Findings and purpose. The County needs additional revenue streams to increase its capacity to finance public programs and maintain County assets. Additional financial resources will facilitate the County's efforts to provide levels of service and maintenance beyond the basic levels funded by the County's operating and capital budgets. As a result, the Council finds that it is in the best interest of the County to create and enhance relationships with the private sector, including individuals, corporations and other organizations, to generate additional financial resources through commercial sponsorships of County programs, real property, facilities, equipment, or other assets. 2-101 SUPP. 7 (1-2020)