Section 247-7 - Disposition of taxesAll taxes collected under this chapter shall be paid into the state treasury to the credit of the general fund of the State, to be used and expended for the purposes for which the general fund was created and exists by law; provided that of the taxes collected each fiscal year:
(1) Ten per cent or $5,100,000, whichever is less, shall be paid into the land conservation fund established pursuant to section 173A-5; and(2) Fifty per cent or $38,000,000, whichever is less, shall be paid into the rental housing revolving fund established by section 201H-202.Amended by L 2020, c 9,§ 5, eff. 7/1/2020.Amended by L 2015, c 237,§ 26, eff. 7/1/2015.Amended by L 2015, c 84,§ 3, eff. 7/1/2015.Amended by L 2015, c 43,§ 3, eff. 5/6/2015.Amended by L 2014, c 163,§ 2, eff. 7/1/2014.L 1966, c 10, pt of §1; HRS § 247-7; am L 1993, c 195, §5; am L 1997, c 350, §11; am L 1998, c 170, §§2, 6; am L 1999, c 133, §2; am L 2000, c 269, §§2, 3; am L 2001, c 268, §2; am L 2005, c 156, §8; am L 2006, c 100, §§ 21, 30§§21, 30; am L 2007, c 222, §§ 3, 4 §§ 3, 4 §§3, 4 and c 249, §§19, 52; am L 2009, c 59, §4 .