[§174E-3]  Red Hill remediation special fund.  (a)  There is established in the state treasury the Red Hill remediation special fund, into which shall be deposited the following moneys:

     (1)  Appropriations to the special fund from any source, including the United States government, legislature, and city and county of Honolulu;

     (2)  Gifts, donations, and grants from public agencies, including the United States government, and private persons; and

     (3)  All interest earned on or accrued to moneys deposited in the special fund.

     (b)  The special fund shall be administered by the WAI policy coordinator.

     (c)  The moneys in the special fund shall be used to address contamination resulting from the Red Hill Bulk Fuel Storage Facility, including monitoring, applied research, public outreach and education, and evaluation; provided that the cost of remediation of the aquifer shall be borne by the federal government. [L 2025, c 197, pt of §2]