§88-224 Contribution fund; established.
186 words·~1 min read·
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§88-224 Contribution fund; established. There is established a special fund to be known as the contribution fund. The fund shall consist of and there shall be deposited in such fund:
(1)All contributions, interest, and penalties collected under sections 88-215 and 88-221 to 88-223;
(2)All moneys appropriated thereto under this part;
(3)Any property or securities and earnings thereof acquired through the use of moneys belonging to the fund;
(4)Interest earned upon any moneys in the fund; and
(5)All sums recovered upon the bond of the custodian or otherwise for losses sustained by the fund and all other moneys received for the fund and from any other source.
All moneys in the fund shall be mingled and undivided. Subject to the provisions of this part, the state agency is vested with full power, authority and jurisdiction over the fund, including all moneys and property or securities belonging thereto, and may perform any and all acts whether or not specifically designated, which are necessary to the administration thereof and are consistent with this part. [L 1953, c 217, §6(a); RL 1955, §6-200; HRS §88-224]