There is a newer version of the Hawaii Revised Statutes
2011 Hawaii Code
DIVISION 1. GOVERNMENT
TITLE 6. COUNTY ORGANIZATION AND ADMINISTRATION
54. Water Systems
§54-60 Reserve fund.
HI Rev Stat § 54-60 (2011 through Reg Sess) What's This?
§54-60 Reserve fund. 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. [L 1949, c 86, §10; RL 1955, §146-109; am L 1959, c 83, §1; HRS §54-60]
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