(a) There is established a special fund within the state treasury known as the forest stewardship fund which shall be used as follows:
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Terms Used In Hawaii Revised Statutes 195F-4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of land and natural resources. See Hawaii Revised Statutes 195F-2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fund: means the forest stewardship fund as established by § 195F-4. See Hawaii Revised Statutes 195F-2
shall be used for:
(i) replanting, managing, and maintaining designated timber management areas;
(ii) enhancing the management of public forest reserves with an emphasis on restoring degraded koa forests; and
(iii) developing environmental education and training programs pertaining to sustainable forestry; provided that the activities described in clauses (ii) and (iii) may not be funded unless the activities described in approved management plans pertaining to clause (i) are adequately funded.
(b) The fund shall consist of moneys received from any public or private sources. The fund shall be held separate and apart from all other moneys, funds, and accounts in the state treasury; provided that any moneys received from the federal government or from private contributions shall be deposited and accounted for in accordance with conditions established by the agencies or persons from whom the moneys are received.
Investment earnings credited to the fund shall become a part of the assets of the fund. Any balance remaining in the fund at the end of any fiscal year shall be carried forward in the fund for the next fiscal year.
