Hawaii § 302A-420 - Profits and school credit for students.
Full text of Hawaii Hawaii Revised Statutes § 302A-420 — Profits and school credit for students., with citation guidance and answers to common questions.
§ 302A-420. Profits and school credit for students.
All net profits arising from agricultural, industrial, or commercial enterprise pursuits at any school, under the rules of the department: (1) Shall be used by the school to support agricultural, industrial, and commercial enterprise pursuit programs and for the purchase of equipment and materials, not otherwise provided for in the school budget, that will be of general benefit to the students; or (2) May be distributed among the students actually engaged in the pursuits; provided that school credit may also be granted to students engaged in the permitted operations, either in addition to, or in lieu of, any net profits distributed to the students; provided further that the commercial enterprise does not affect the tax-exempt status of general obligation bonds and complies with the requirements of section 302A-448. The department shall provide for the keeping of simple books of account, showing the source and distribution of the money resulting from the operations carried on pursuant to this section, and for the auditing of these books of account at least quarterly. [L 1996, c 89, pt of §2; am L 1997, c 144, §2; am L 2022, c 148, §2] Previous Vol05_Ch0261-0319 Next
Source: official Hawaii text · Last verified 2026-08-27
Frequently Asked Questions About Hawaii § 302A-420
What does Hawaii Revised Statutes § 302A-420 cover?
Section 302A-420 ("Profits and school credit for students.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 302A-420?
A common citation format is "Hawaii Revised Statutes § 302A-420" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 302A-420 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.