HRS §304A-2005
Rules for managing university special and revolving funds
The university's board of regents must manage special and revolving funds so that the money is spent for the benefit of the people who pay the fees. The fees must be fair and match the level and quality of services those people receive.
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The statute, as written — Special and revolving funds; management
In managing special and revolving funds under its control, the board of regents shall ensure that: (1) The purposes for which special and revolving funds are expended, encumbered, or transferred benefit those upon whom fees and charges are imposed through these funds; and (2) Fees and charges are fair and equitable with respect to the level and quality of services provided to those upon whom fees and charges are imposed.
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