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Haw. Rev. Stat. § 54-60

Reserve fund

Hawaii · Hawaii Revised Statutes Chapter 54 — Water Systems · Status: effective

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Haw. Rev. Stat. § 54-60, Reserve fund, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2395844
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The board of water supply may provide for the accumulation of a fund for the purpose of financing major replacements, or extensions and additions, the average estimated annual increments to which, for a period of ten years from July 1, 1959, shall not exceed fifteen per cent of the gross revenue of the board in any fiscal year.