Convention center enterprise special fund
HRS §201B-8
in effect201B-8. Convention center enterprise special fund
(a) There is established the convention center enterprise special fund, into which shall be deposited:
(1) A portion of the revenues from the transient
accommodations tax, as provided by section 237D-6.5;
(2) All revenues or moneys derived from the
operations of the convention center to include all revenues from the food and
beverage service, all revenues from the parking facilities or from any
concession, and all revenues from the sale of souvenirs, logo items, or any
other items offered for purchase at the convention center;
(3) Private contributions, interest, compensation,
gross or net revenues, proceeds, or other moneys derived from any source or for
any purpose arising from the use of the convention center facility; and
(4) Appropriations by the legislature for marketing
the facility pursuant to section 201B-7(a)(7).
(b) Moneys in the convention center enterprise
special fund shall be used by the authority for the payment of expenses arising
from any and all use, operation, maintenance, alteration, improvement, or any
unforeseen or unplanned repairs of the convention center, including without
limitation the food and beverage service and parking service provided at the
convention center facility, the sale of souvenirs, logo items, or other items,
for any future major repair, maintenance, and improvement of the convention
center facility as a commercial enterprise or as a world class facility for
conventions, entertainment, or public events, and for marketing the facility
pursuant to section 201B-7(a)(7).
(c) Moneys in the convention center enterprise
special fund may be:
(1) Placed in interest-bearing accounts; provided
that the depository in which the money is deposited furnishes security as
provided in section 38-3; or
(2) Otherwise invested by the authority until such
time as the moneys may be needed; provided that the authority shall limit its
investments to those listed in section 36-21.
All interest accruing from investment of the moneys
shall be credited to the convention center enterprise special fund.
[L 2002, c
253, §2; am L 2005, c 235, §6; am L 2014, c 81, §3; am L 2015, c 121, §6; am L
2018, c 86, §2; am L Sp 2021, c 1, §20]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/HRS0201B/HRS_0201B-0008.htmFetched: 11/10/2026