HRS §201H-211
Revolving fund spending does not need yearly legislative approval
This section lets the corporation spend money from certain housing revolving funds without getting the legislature's yearly approval, except for administrative costs or when other laws say otherwise. It also says the funds do not have to be re-approved every year. The corporation cannot spend more than the fund has or use it for illegal purposes.
everyone
The statute, as written — Expenditures of revolving funds under the corporation exempt from appropriation and allotment
Except as to administrative expenditures, and except as otherwise provided by law, expenditures from the revolving funds administered by the corporation under subparts I and J of part III, relating to financing programs, or section 201H‑80 or 201H-123 may be made by the corporation without appropriation or allotment by the legislature; provided that no expenditure shall be made from and no obligation shall be incurred against any revolving fund in excess of the amount standing to the credit of the fund or for any purpose for which the fund may not lawfully be expended. Nothing in sections 37-31 to 37-41 shall require the proceeds of the revolving funds identified in subparts I and J of part III, or section 201H-80 or 201H-123 to be reappropriated annually.
Sections this one refers to
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