[§6K-9.5] Rehabilitation trust fund. (a) There is created in the state treasury a trust fund to be designated as the rehabilitation trust fund to be administered by the department with the prior approval of the commission. Subject to Public Law 103-139, and this chapter, all moneys received from the federal government for the rehabilitation and environmental restoration of the island of Kaho`olawe, any moneys appropriated by the legislature to the trust fund, and the interest or return on investments earned from moneys in the trust fund, shall be deposited in the trust fund and shall be used to fulfill the purposes of this chapter.

(b) The commission may use moneys in the trust fund to carry out the purposes of this chapter, including hiring employees, specialists, and consultants necessary to complete projects related to the purposes of this chapter.

(c) Moneys deposited into or appropriated to the trust fund shall remain available until they are obligated or until the trust fund is repealed.

(d) The trust fund shall be repealed on July 1, 2005. The commission shall transfer to the credit of the state general fund, all unexpended or unencumbered balances remaining in the trust fund prior to June 30, 2005; provided that all unexpended or unencumbered balances of federal moneys shall be disbursed in accordance with applicable federal law. [L 1994, c 161, §2]