[PART V.] OCEAN STEWARDSHIP
[§187A-51] Ocean stewardship special fund. [Section repealed on January 1, 2031. L 2024, c 214, §2.] (a) There is established in the treasury of the State the ocean stewardship special fund to be administered by the department.
(b) The following shall be deposited into the ocean stewardship special fund:
(c) Subject to subsection (d), the ocean stewardship special fund shall be used to:
(d) The ocean stewardship special fund shall be held separate and apart from all other moneys, funds, and accounts in the department; provided that any moneys received from the federal government, through federal programs, or from private contributions, shall be deposited and accounted for in accordance with conditions established by the agency or private entity from whom the moneys are received; provided further that twenty per cent of all gross revenues collected under [subsection] (b)(1) and (2) shall be payable to the office of Hawaiian affairs as ceded lands revenues. Any balance remaining in the fund at the end of any fiscal year shall be carried forward in the fund for the next fiscal year.
(e) The proceeds of the ocean stewardship special fund shall not be used as security for, or pledged to the payment of principal or interest on, any bonds or instruments of indebtedness.
(f) Nothing in this section shall be construed to prohibit the use of general funds or the funds of other programs and activities to implement or enforce subtitle 5 of title 12 or any rule adopted thereunder, concerning management and conservation of the State's ocean waters and the resources therein. [L 2021, c 46, pt of §2, §3]