[§309H-6]  Hawaii health corps revolving fund.  (a)  There is established in the treasury of the State the Hawaii health corps revolving fund, which shall be administered by the University of Hawaii John A. Burns school of medicine and the University of Hawaii at Manoa school of nursing and dental hygiene, and into which shall be deposited:

     (1)  Any funds appropriated by the legislature for the Hawaii rural health care provider loan repayment program;

     (2)  Gifts, donations, and grants from public agencies and private persons;

     (3)  Reimbursements of loan repayments under the Hawaii rural health care provider loan repayment program;

     (4)  Proceeds of the operations of the Hawaii health corps program; and

     (5)  Interest earned or accrued on moneys deposited into the fund.

     (b)  The University of Hawaii John A. Burns school of medicine and the University of Hawaii at Manoa school of nursing and dental hygiene may expend moneys from the fund for the purposes of this chapter, including the operational expenses of the Hawaii health corps program. [L 2012, c 187, pt of §2]