HRS §54-23
Paying water system bonds
This section says that when the county has bonds for the waterworks system, the county treasurer must use money from the water board's county treasury account to pay those bonds and their interest as they come due. The money goes into a sinking fund for that purpose.
counties
The statute, as written — Provisions for payment of bonds, etc
Whenever there are outstanding any bonds of the county representing moneys heretofore or hereafter expended upon the waterworks system, the funds in the county treasury to the credit of the board of water supply shall be drawn upon by the county treasurer to the extent necessary from time to time to provide for payment of the bonds and the interest thereon according to the tenor and terms thereof, the moneys so drawn to be placed to the credit of the appropriate sinking fund and used for such purposes.
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