HRS §304A-2651
Rules for university equipment value and lifespan
The University of Hawaii's board of regents can set the value, useful life, and other traits of the university's durable physical items. This helps with inventory, surplus control, and financial reports, but not for bond cost calculations.
The statute, as written — University of Hawaii equipment
The board of regents may define or establish the value, useful life, and any other characteristic of the university's nonexpendable, tangible personal property, for all purposes for which these characteristics must be defined or established, including inventory and surplus property control and the preparation of financial statements, but excluding the determination of cost elements related to the issuance of general obligation bonds.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.