Hawaii's Hurricane Relief Fund and Rainy Day Fund are supposed to be tapped only in true emergencies, such as a tsunami or hurricane.

But earlier this year, the Hawaii State Legislature and Gov. Neil Abercrombie raided these funds to balance the state budget.

Now Abercrombie is planning to use money borrowed from the state's recent General Obligation Bond sale to replenish the funds.

State Budget and Finance Director Kalbert Young, who helped broker a record $800 million GO bond sale last week, said some of that money will be used to bring the emergency funds back to pre 2010 levels.

Some $75 million will go back into the Hurricane Relief fund by next summer and another $68 million will be returned in fiscal year 2013.

An estimated $36 million would go into the Rainy Day fund this fiscal year and with another $34 million added next year.

He said the deal, which refinances state debt, replenishes these funds and uses a total of $1.3 billion for state capital improvement projects, will save taxpayers $59 million.

But not everyone believes this is a good plan.

Three of former Gov. Linda Lingle's top administrators - Former Budget director Georgina Kawamura, former Comptroller Russ Saito and former Chief of Staff Barry Fukunaga - issued a statement Thursday saying the Abercrombie Administration's should not repay the state's emergency funds with borrowed monies.