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Hawaii County Charter Proposal text <br />"Section 1046. Public Access, Open Space, and Natural Resources Preservation <br />Maintenance Fund. <br />(a) The purpose of the public access, open space, and natural resources preservation <br />maintenance fund is to accrue and use moneys for maintenance of lands and easements <br />acquired by the public access, open space, and natural resources preservation fund. The <br />maintenance fund will ensure that money is dedicated to preserve the land, promote <br />public safety, and maintain a healthy stewardship, <br />(b) ['lions,' For the purpose of this section, [ <br />' <br />"Maintenance"] "maintenance" means to preserve and conserve lands and <br />easements acquired by the public access, open space, and natural resources preservation <br />fund and keep them in good repair for public safety. <br />-aeurce of revenue.] <br />(c) There is established a public access, open space, and natural resources preservation <br />maintenance fund (hereinafter "maintenance fund"). The maintenance fund shall be <br />administered and managed by the [department of parks and recreation. The financial <br />] department of finance. <br />(d) Deposits due to the maintenance fund, <br />(1) In adopting each fiscal year's operating budget, the council shall appropriate one- <br />quarter of one per cent of all real property tax revenue (including interest and <br />penalties) to the maintenance fund, Deposits to the maintenance fund shall occur <br />on a quarterly basis at a minimum, <br />(2) Additional revenue deposited in the maintenance fund may consist of grants and <br />private contributions intended for the purpose of this section, proceeds from the <br />sale of general obligation bonds authorized and issued for the purpose of this <br />section, council appropriations for the purpose of this section, and any other <br />source of revenue. <br />• <br />(e) Accounting for the maintenance fund; interest bearing accounts; reporting by the <br />department of finance. <br />(1) All moneys in the maintenance fund shall be deposited in interest bearing <br />accounts until needed. Any interest shall accrue to the maintenance fund. <br />(2) Moneys in the maintenance fund shall be identified separately for: <br />(A) Funding received from the real property tax revenue including interest and <br />penalties; and <br />(B) Funding received from grants and private contributions, and any other <br />source of revenue, and its interest earned, which: <br />Shall be itemized and earmarked for specific projects for the lands <br />or easements. <br />Shall not be subjected to the maximum accrual of funds limit <br />provided in subsection (f). <br />(3) Financial statements shall be posted each month on the public access, open space, <br />and natural resources preservation fund web site, <br />