(a) All expenditures from the reserve for fiscal stability fund shall be solely for the purpose of addressing the conditions set forth in § 6-56.2.
(b) Notwithstanding the approval requirement in § 6-56.2, in the event moneys need to be expended pursuant to an emergency as described in § 6-56.2(3)(A), and if the Governor’s declaration or proclamation of emergency waives the provisions of HRS § 46-45 for any reason, such moneys are deemed appropriated and may be expended without council approval. Within 30 days of the expenditure of any moneys made pursuant to this subsection, the director of budget and fiscal services shall provide a report to the council detailing the expenditure.
(c) No moneys from the reserve for fiscal stability fund may be expended for any costs relating to the Honolulu High-Capacity Transit Corridor Project
(1990 Code, Ch. 6, Art. 56, § 6-56.4) (Added by Ord. 98-32; Am. Ords. 06-23, 20-5)