Highway fund

All taxes collected under this chapter, except those collected pursuant to sections 249-14 and 249-14.5, shall be deposited in a fund to be known as the "highway fund" and shall be expended in the county in which the taxes are collected for the following purposes: (1) For acquisition, designing, construction, improvement, repair, and maintenance of public roads and highways, including without restriction of the foregoing purposes, costs of new land therefor, of permanent storm drains or new bridges, as well as repairs or additions to storm drains or bridges; (2) For installation, maintenance, and repair of street lights and power, and other charges for street lighting purposes, including replacement of old street lights, on county maintained public roads and highways; (3) For purposes and functions connected with traffic control and preservation of safety upon the public highways and streets; (4) For payment of interest on and redemption of bonds issued to finance highway and street construction and improvements; (5) In the case of the city and county of Honolulu, for appropriation for the police department up to the sum of $500,000. No expenditures shall be made out of this fund which will jeopardize federal aid for highway construction; (6) For purposes and functions connected with mass transit; and (7) For the acquisition, design, construction, improvement, repair, and maintenance of bikeways.