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Form a Business

Reserve fund

HRS §54-21
in effect
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54-21. 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 increment to which, for a period of ten years, shall not exceed fifteen per cent of the gross revenue of the board in any fiscal year. [L 1961, c 155, pt of §1; Supp, §145A-11; HRS §54-21]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol02_Ch0046-0115/HRS0054/HRS_0054-0021.htmFetched: 11/10/2026

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