HRS §356D-72
Creating a fund for elder housing costs
This section sets up a special fund for elder housing. Money the housing authority gets under this part goes into this fund. The fund can pay for managing, running, and fixing elder housing projects, including insurance, some admin costs, and repairs.
state agencies
The statute, as written — Housing for elders revolving fund
There is created a housing for elders revolving fund to be administered by the authority. Notwithstanding any law to the contrary, moneys received or collected by the authority pursuant to this subpart shall be deposited into the revolving fund. Revenues from the fund may be used to pay the expenses of management, operation, and maintenance of housing projects for elders, including but not limited to the cost of insurance, a proportionate share of the administrative expenses of the authority, and the costs of repairs, equipment, and improvements.
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