Chapter 38 — Deposits
10 sections in this chapter.
HRS §38-1 Definitions
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§38-1 Definitions. As used in this chapter, unless the context otherwise indicate: Comptroller means the state comptroller. Depository includes any federally insured national or state bank, savings and loan association, or financial services loan company; or federal or state cred…
HRS §38-10 Interest on loan funds
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§38-10 Interest on loan funds. All unexpended balances of state loan funds which have been allotted to the several counties for local improvements, and also all state loan funds which are so allotted, shall be deposited by the director in a depository in separate accounts. All in…
HRS §38-2 Authorized; conditions
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§38-2 Authorized; conditions. (a) All moneys in the state treasury may be deposited by the director to the credit of the State in any depository which the director, with the approval of the governor, may select, pursuant to this section, and any sums so deposited shall be deemed …
HRS §38-3 Securities for protection of funds deposited
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§38-3 Securities for protection of funds deposited. For the protection of funds deposited by the director under this chapter, the following securities shall be deposited with the director, or with banks in the continental United States, or with financial institutions with trust p…
HRS §38-4 Provisions of depository contracts
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§38-4 Provisions of depository contracts. Any acceptance by a depository of treasury moneys shall constitute an acceptance of the provisions of sections 38-2 and 38-3, and those provisions shall be deemed a part of and incorporated into the contract of deposit without any necessi…
HRS §38-5 Indemnity bond from depository
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§38-5 Indemnity bond from depository. The director with the approval of the governor, shall, if in the director's judgment it appears necessary for the security of the State, require the depository to give indemnity bonds, the sureties on which shall not be interested as stockhol…
HRS §38-6 Certificates of deposit, deposit receipts
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§38-6 Certificates of deposit, deposit receipts. At the time of depositing state money in any depository, the director shall take certificates of deposit payable to the director in such sums as the director deems advisable, or a receipt showing that the deposit is subject to chec…
HRS §38-7 Responsibility of director
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§38-7 Responsibility of director. The director shall not be responsible for any moneys deposited in a depository under this chapter, but the State through its director shall be chargeable with the safekeeping of the bonds deposited with the director as security for deposits of st…
HRS §38-8 Additional responsibility
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§38-8 Additional responsibility. The State through its director shall be chargeable with the safekeeping of the securities deposited with the director by the treasurers of the several counties under section 46-52. [L 1970, c 51, pt of §1; gen ch 1985]
HRS §38-9 REPEALED
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§38-9 REPEALED. L 1998, c 119, §2.