§304A-2172 University of Hawaii capital improvements program project assessment special fund. (a) There shall be established in the university a special fund to be known as the University of Hawaii capital improvements program project assessment special fund for the purpose of defraying the costs involved in:

(1) Carrying out capital improvements program projects managed by the university;

(2) Equitably assessing, collecting, and distributing moneys for current and other expenses associated with capital improvements program projects, repair and maintenance projects, and major renovation projects;

(3) Managing the payment of expenses assessable against capital improvements program projects managed by or through the university, such as printing, employee transportation requirements, project-related travel costs, travel per diem, and car mileage reimbursements, in accordance with applicable laws and collective bargaining agreements; and

(4) Managing funds representing accumulated vacation and sick leave credits and retirement benefits for non-general funded employees under the capital improvements program projects managed by the university.

(b) The president or the president's designee shall make reasonable assessments on capital improvements program projects, repair and maintenance projects, and major renovation projects managed by the university to carry out the program of centralized management, oversight, and administration of the projects. The assessments shall be based on the evaluation by the president or the president's designee of the reasonable historic and projected costs of providing such services. All assessments collected shall be deposited into the University of Hawaii capital improvements program project assessment special fund.

(c) The University of Hawaii capital improvements program project assessment special fund shall be administered by the office of capital improvements of the university.

(d) All expenditures from the University of Hawaii capital improvements program project assessment special fund shall be made by the president or the president's designee in accordance with applicable laws and rules. [L 2010, c 202, §1]