Haw. Rev. Stat. § 54-21

Current through Chapter 253 of the 2024 Legislative Session
Section 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.

HRS § 54-21

L 1961, c 155, pt of §1; Supp, § 145A-11; HRS § 54-21