How the economic development and cultural fund is managed

A. The director of finance shall establish a separate account to record all revenues and expenses as a result of the economic development and cultural programs established in the County. B. There shall be deposited into the economic development and cultural revolving fund any council appropriations to the fund and all moneys donated to the County for economic development and cultural programs. C. Any proposed appropriation shall be submitted to the council for approval as a budget appropriation in either the annual budget or a proposed amendment to the budget ordinance. In adopting each fiscal year's budget and capital program, the council may make appropriations to the fund. D. The director of finance with the coordinator for the office of economic development may adopt administrative rules necessary to carry out the purpose of this chapter. Prior to the adoption of any administrative rules, pursuant to section 91-3, Hawaiʻi Revised Statutes, the council shall have an opportunity for review of the proposed administrative rules. E. A request for use of the fund shall be initiated by filing an application with the director of economic development. Applications may include a non-refundable application processing fee as set forth in the annual budget ordinance. The fees collected pursuant to this section are deemed appropriated upon receipt and are authorized to be expended for processing of the application. ( Ord. No. 5223 , § 1, 2021; Ord. No. 4447, § 7, 2017 ; Ord. No. 4116, § 1, 2014; Ord. No. 3854, § 1, 2011)