[§304-7.8] Appropriations for special and revolving funds of the University of Hawaii. In any fiscal year if the amount of revenues deposited into a special or revolving fund of the university exceeds the amount appropriated from that fund for that year, the president may approve expenditures in excess of the amount appropriated, up to the amount by which revenues for that fund exceed the appropriations from that fund for a fiscal year; provided the university shall submit annually a report to the governor and the legislature of all expenditures in excess of each fund's appropriation for each fiscal year. [L 1998, c 115, pt of §2]