§304A-2258 - University of Hawaii housing assistance revolving fund.
[§304A-2258] University of Hawaii housing assistance revolving fund. There is established the University of Hawaii housing assistance revolving fund into which shall be deposited a portion of the total indirect overhead funds generated by the university for research and training purposes in the prior fiscal year as determined by the board of regents. The fund shall be used to:
(1) Implement the university housing assistance master plan, in accordance with policies adopted by the board of regents; and
(2) Account for all transactions of the university housing assistance program, including but not limited to revenues, expenditures, loans, and transfers. [L 2006, c 75, pt of §2]