HRS §201H-78
How the corporation must protect its deposited money
This section lets the housing corporation choose how to secure money it deposits. It can use the same types of securities allowed for state finance deposits, or get a surety bond promising to return the money and interest when asked. Banks and trust companies may provide this security.
financial institutions
The statute, as written — Security for funds deposited by the corporation
The corporation may by resolution provide that all moneys deposited by it shall be secured by: (1) Any securities by which funds deposited by the director of finance may be legally secured as provided in section 38-3; or (2) An undertaking with sureties as are approved by the corporation faithfully to keep and pay over upon the order of the corporation any deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for those deposits.
Sections this one refers to
§38-3 What security must back state deposits
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