(a) There is established the University of Hawaii scholarship and assistance special fund to be administered by the University of Hawaii. The special fund shall be administered pursuant to the authority of the board of regents to grant, modify, or suspend the scholarship and assistance under section [ 304A-501 ]. This fund shall be used to provide financial assistance to qualified students enrolled at any campus of the University of Hawaii.
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Terms Used In Hawaii Revised Statutes 304A-2159

(b) Revenues deposited into this fund shall include but not be limited to state, federal, and private funds, funds transferred by the university from the tuition and fees special fund pursuant to section [ 304A-2153 ], and appropriations for the state scholars program; provided that state funds appropriated for any scholarship program, including but not limited to the B Plus scholarship program, the Hawaii state scholars program, and the workforce development scholarship program, shall be kept in a separate and distinct account.
(c) The annual report for the special fund shall include but not be limited to the number of tuition waivers, scholarships, and stipends. The report shall also include but not be limited to the number of tuition waivers granted under section [ 304A-503 ] through the Hawaii opportunity program in education. The report shall also include recommendations as appropriate to the legislature on all tuition waivers.
(d) This fund is not intended to provide loans or keep track of payback provisions.

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