HRS §201H-77
Investment of reserves and other funds
This section lets the corporation invest money it holds in reserve or doesn't need right away, including bond proceeds. It can invest in the same things the finance director can, and outside the state treasury for longer terms. Other government property rules don't apply unless lawmakers say so.
everyone
The statute, as written — Investment of reserves, etc
The corporation may invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement, including the proceeds of bonds, in property or securities in which the director of finance may legally invest, as provided in section 36-21, except that funds held outside the state treasury may be invested for terms not to exceed thirty-five years. No provisions with respect to the acquisition, operation, or disposition of property by other government agencies shall be applicable to the corporation unless the legislature shall specifically so state.
Sections this one refers to
§36-21 Rules for short-term investing of state money
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