HI SB2386

Establishes a special fund called the University of Hawaii Capital Improvements Program Project Assessment Special Fund within the University of Hawaii.

Fund purpose includes defraying costs of capital improvements projects, repair and maintenance, major renovations, and related expenses such as printing, employee transportation, travel costs, and per diem.

University president or designee may assess capital improvements projects, repair and maintenance projects, and major renovation projects based on reasonable historic and projected costs of providing centralized management and administration services.

All assessment collections are deposited into the special fund and administered by the university's office of capital improvements.

Expenditures from the fund are authorized under the president's discretion in accordance with applicable laws and rules; effective July 1, 2010.