Section 6-81-26 - Administration of the fund(a) A neutral third party designated by the commission shall administer the universal service fund.(b) The commission shall select the administrator based on competitive bids, pursuant to chapter 103D, HRS, or by any other means duly authorized by law.(c) No telecommunications carrier or any of its affiliates, subsidiaries, agents, officials, or employees is eligible to serve as the administrator.(d) The administrator's general duties are: (1) Collecting and receiving contributions to the fund;(2) Distributing moneys from the fund;(3) Managing the daily operations and affairs of the fund; and(4) Conducting periodic audits of telecommunications carriers to ensure that the carriers are accurately reporting and making proper contributions to the universal service fund. The commission may specify other duties that it deems appropriate in the administrator's contract.
(e) The fund is subject to an annual audit by an independent certified public accountant selected by the commission.[Eff ] (Auth: HRS §§ 269-6, 269-35, 269-38, 269-41 to 43) (Imp: HRS §§ 269-35, 269-38, 269-41 to 43, 47 U.S.C. §254 )