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COUNTY OF HAWAII STATE OF HAWAII BILL NO. ORDINANCE NO. 06 151 315 A BILL FOR AN ORDINANCE AMENDING CHAPTER 2, ARTICLE 42, HAWAII COUNTY CODE 1983 (2005 EDITION, AS AMENDED), RELATING TO THE PUBLIC ACCESS, OPEN SPACE, AND NATURAL RESOURCES PRESERVATION FUND. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Chapter 2, Article 42, Section 2 -214, Hawaii County Code 1983 (2005 Edition), is amended to read as follows: Section 2 -214. Public access, open space, and natural resources preservation fund. (a) A public access, open space, and natural resources preservation fund is hereby established. This special fund shall be administered and managed by the finance department. (b) The fund shall consist of monies from: (1) The proceeds from the sale of any general obligation bonds, authorized and issued for the purposes of this article; (2) Council appropriations for the purposes of this article; (3) Any source of revenue dedicated by the Hawaii County Charter or the Hawaii County Code for the purposes of this article; [and] (4) Grants and private contributions intended for the purposes of this article; and (5) Two percent (2 %) of Hawaii County real property tax revenues collected annually (including penalties). (c) In adopting each fiscal year's operating budget, the council shall appropriate a minimum of $250,000 to the public access, open space, and natural resources /preservation fund. \1) [11A,71;en the uneneu-m-bered 1_ 1 - in the C d ( 6...:.,o of bond loll be A until 1- 1. 1 falls below $5,000,000-i (2) Nothing in this section shall prevent the council from appropriating amounts in excess of the above minimum amounts to this fund. SECTION 2. Material to be repealed is bracketed and stricken. New material is underscored. In printing this ordinance, the brackets, bracketed material and underscoring need not be included.