[§171C-17.5]  Stadium facilities special fund.  (a)  There is established a stadium facilities special fund into which shall be deposited all proceeds from leases, permits, interest income generated from Aloha Stadium lands and facilities, and other revenue generated from the non-permanent disposition of Aloha Stadium lands and facilities under this chapter, less the following:

     (1)  The principal and interest on bonds issued pursuant to this chapter for projects on Aloha Stadium lands or utilizing Aloha Stadium facilities;

     (2)  The cost of administering, operating, and maintaining projects on Aloha Stadium lands or utilizing Aloha Stadium facilities, not to exceed fifteen per cent of the sums collected, net of principal and interest payments on bonds; and

     (3)  Other sums that may be necessary for the issuance of bonds under this chapter.

     (b)  The stadium facilities special fund shall be administered by the stadium authority.  Except as otherwise provided, all moneys in the stadium facilities special fund shall be used exclusively for stadium purposes. [L 2012, c 282, §4]