§54-24 - Operating expenses, reserves, and appropriations. - Hawaii Statutes

     §54-24  Operating expenses, reserves, and appropriations.  All receipts of the board of water supply other than from the sale of bonds shall be deposited daily in a bank by the board and the sums so deposited shall be accounted for and be paid into the county treasury at the end of each month and maintained in a special fund.  The board may make appropriations and allowances from the fund for the following purposes:

     (1)  For the payment of the operating and maintenance expenses of the waterworks;

     (2)  For repairs, replacements, additions, and extensions;

     (3)  For accident reserve, pension charges, and compensation insurance;

     (4)  For payment of interest and sinking funds on all bonds issued for the acquisition or construction of the waterworks and extensions thereto and for the reserve fund. [L 1961, c 155, pt of §1; Supp, §145A-14; HRS §54-24]