HRS §302A-1305
What happens to old student activity funds after five years
If a graduating class leaves money in a school activity account for five years after graduation, the school must move it to a general school fund unless the class donates it in writing first. Once moved, the school can use the money.
The statute, as written — Inactive student activity accounts
Student activity funds that are left in the school for a period of five years after the graduation of the class shall be deposited into the nonappropriated local school fund account unless the graduating class donates, in writing, the funds to the school within the five-year period. Moneys in the nonappropriated local school fund account may be used by the school.
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