Establishes the University of Hawaii tuition and fees special fund and authorizes annual expenditures for alumni relations and disaster response.
The bill establishes the University of Hawaii tuition and fees special fund, into which all tuition and related fees collected by the university are deposited. It authorizes the board of regents to spend up to $3,000,000 annually from this fund for alumni relations and disaster response. The university must submit a report to the legislature detailing the use of these funds. The fund's moneys lapse at the end of each fiscal year unless otherwise specified.
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