University of Hawaii green special fund
HRS §304A-2181
in effect304A-2181. University of Hawaii green special fund
(a) There is established the University of Hawaii green special fund, into which may be deposited:
(1) Savings realized by the university from energy
conservation measures;
(2) Investment earnings, gifts, donations, or other
income received by the University of Hawaii;
(3) Any rebates, grants, or incentives associated
with energy conservation measures;
(4) Capital appropriations for energy conservation
measures;
(5) Until June 30, 2020, funds from any special or
revolving fund established to fund energy conservation measures projects at the
University of Hawaii; and
(6) Proceeds from University of Hawaii revenue bonds.
(b) Moneys in the University of Hawaii green
special fund shall be used to support energy efficiency, renewable energy, and
sustainability projects and services including personnel, equipment costs,
project costs, and other expenses, as well as planning, design, and
implementation of sustainability projects for the benefit of the university;
provided that any expenditure equal to or greater than $167,000 shall require
the approval of the legislature.
(c) The chief financial officer of the
University of Hawaii shall manage the University of Hawaii green special fund
and shall have the authority to garner monetary savings realized from campus
energy conservation measures projects.
(d) The University of Hawaii may also transfer
other funds into the University of Hawaii green special fund to offset the
costs and expenses associated with sustainability initiatives at the University
of Hawaii.
(e) The University of Hawaii shall submit a
report to the legislature on the moneys deposited into the University of Hawaii
green special fund, including:
(1) An explanation of how savings were calculated;
(2) A review of all the revenues deposited;
(3) A review of the rebates, grants, or incentives
received; and
(4) A review of any other funds that may have been
transferred,
no later than twenty days prior to the convening of
each regular session.
[L 2017, c 186, §2]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol05_Ch0261-0319/HRS0304A/HRS_0304A-2181.htmFetched: 11/10/2026