Hawaii Revised Statutes Division 1. Government § 54-24

(1) For the payment of the operating and maintenance expenses of the waterworks;

(2) For repairs, replacements, additions, and extensions;

(3) For accident reserve, pension charges, and compensation insurance;

(4) For payment of interest and sinking funds on all bonds issued for the acquisition or construction of the waterworks and extensions thereto and for the reserve fund.