HRS §174-8
How reserve funds may be invested
The finance director can invest money that is set aside or not needed right away. The investments must be in property or securities that savings banks are allowed to use. This section gives permission but does not list specific investments.
state agencies
The statute, as written — Investment of funds
The director of finance may authorize the investment of any funds held in reserves, or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control.
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