HRS §54-21
Water board may save for big projects
Read the official text at capitol.hawaii.gov ↗The water board can set aside money each year to pay for major repairs or new projects. The amount saved each year, averaged over ten years, cannot be more than 15% of the board's yearly income. This rule limits how much can be saved.
state agencies
The statute, as written — Reserve fund
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The board of water supply may provide for the accumulation of a fund for the purpose of financing major replacements, or extensions and additions, the average estimated annual increment to which, for a period of ten years, shall not exceed fifteen per cent of the gross revenue of the board in any fiscal year.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.