There shall be deposited into the bikeway fund all receipts from the biennial registration fee of $8 levied and collected under HRS § 249-14, as amended. All moneys deposited into the bikeway fund shall be expended for:
(1) Acquisition, design, construction, improvement, repair, and maintenance of bikeways, including the installation and repair of storm drains and bridges;
(2) Installation, maintenance, and repair of bikeway lights and power, including replacement of old bikeway lights;
(3) Purposes and functions connected with traffic control and preservation of safety upon bikeways; and
(4) Payment of interest on and redemption of bonds issued to finance bikeway construction and improvements.
(Sec. 5-26.2, R.O. 1978 (1983 Ed.)) (1990 Code, Ch. 6, Art. 21, § 6-21.2) (Am. Ord. 92-67)