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state procurement policy office thereto. Any such rule or regulation may be modified by the director of finance, in accordance with Chapter 91, Hawaii Revised Statutes, provided that such modifications shall be consistent with the requirements of state law. (d) The director of finance shall, from time to time, secure from all agencies estimates of their needs for articles of common use and shall, when practicable, consolidate requisitions in order to secure the benefits of quantity purchases, and may enter into cooperative buying arrangements with other public agencies. (e) The director of finance may by rules and regulations, not inconsistent with state law, provide for: (1) Emergency purchases which might be required. (2) Petty cash funds or blanket purchase orders or both. (3) Non - competitive purchases and contracts. (4) Approval and signing procedures related to the issuance of purchase orders. (5) Negotiated sales of county property found unusable for public purposes and valued below $250.00 without public auction. (f) All county storerooms (other than departmental) shall be supervised and operated by the director of finance. (g) The director of finance shall require such guarantees of performance by vendors as in the director of finance's opinion may be necessary or may be prescribed by ordinance. (1979, Prop. 8; 1990, Prop. 14, sec. 1; 1990, Prop. 16, sec. 3; 1994, Ord. No. 94 -50, sec. 2; 2010, Prop. 7, sec. 43.) Editor's Note: Section 10 -15 takes effect on July 1, 2011. Section 10 -15. Public Access, Open Space, and Natural Resources Preservation Fund. (a) In adopting each fiscal year's budget and capital program, the council shall appropriate a minimum of one percent of the certified real property tax revenues, including penalty and interest, to a fund known as the public access, open space, and natural resources preservation fund. Deposits to the fund shall occur at a minimum, on a quarterly basis. (b) Funding shall consist of a minimum of one percent of actual revenue received in the fiscal year. Additional revenue may consist of grants and private contributions intended for the purpose of this section, voluntary contributions of any amount as specified on the real property tax bill, proceeds from the sale of general obligation bonds authorized and issued for the purpose of this section, council appropriations for the purpose of this section, and grants and private contributions intended for the purpose of this section, and any other source of revenue. (c) Monies in this fund shall be used solely to: (1) Purchase or otherwise acquire lands or property entitlements in the County of Hawaii for public outdoor recreation and education, including: (A) Access to beaches and mountains; (B) Preservation of historic or culturally important land areas and sites; (C) Protection of natural resources, significant habitat or eco- systems, including buffer zones; (D) Preservation of forests, beaches, coastal areas, natural beauty and agricultural lands; and (E) Protection of watershed lands to preserve water quality and water- supply. (2) Pay the principal, interest and premium, if any, due with respect to bonds issued in whole for the purpose of this fund.