HRS § 237D-6.5 — Remittances


§237D-6.5 Remittances. (a) All
remittances of taxes imposed under this chapter shall be made by cash, bank
drafts, cashier's check, money order, or certificate of deposit in the form and
manner prescribed by the department.
(b) Except for the revenues collected pursuant
to section 237D-2(e), revenues collected under this chapter shall be
distributed in the following priority, with the excess revenues to be deposited
into the general fund:
(1) $1,500,000 shall be allocated to the Turtle Bay
conservation easement special fund beginning July 1, 2015, for the
reimbursement to the state general fund of debt service on reimbursable general
obligation bonds, including ongoing expenses related to the issuance of the
bonds, the proceeds of which were used to acquire the conservation easement and
other real property interests in Turtle Bay, Oahu, for the protection,
preservation, and enhancement of natural resources important to the State,
until the bonds are fully amortized;
(2) $11,000,000 shall be allocated to the convention
center enterprise special fund established under section 201B-8;
(3) An allocation shall be deposited into the tourism
emergency special fund, established in section 201B-10, in a manner sufficient
to maintain a fund balance of $5,000,000 in the tourism emergency special fund;
and
(4) $3,000,000 shall be allocated to the special land
and development fund established under section 171-19 for:
(A) The protection, preservation,
maintenance, and enhancement of natural resources, including beaches;
(B) Planning, construction, and repair of
facilities;
(C) Operation, maintenance, and improvement
costs of public lands, including beaches; and
(D) Any related debt service and financing
agreement costs.
All transient accommodations taxes shall be
paid into the state treasury each month within ten days after collection and
shall be kept by the state director of finance in special accounts for
distribution as provided in this subsection.
(c) On or before January or July 1 of each
year or after the disposition of any tax appeal with respect to an assessment
for periods after June 30, 1990, the state director of finance shall compute
and pay the amount due as provided in subsection (b) to the director of finance
of each county to become a general realization of the county expendable as
such, except as otherwise provided by law.