HRS §206-18
Security for money the board deposits
Read the official text at capitol.hawaii.gov ↗This section lets the Board of Land and Natural Resources require security for money it deposits. The security can be certain types of investments or a bond promising to return the money and interest when the board asks. Banks and trust companies may provide this security.
financial institutionsstate agencies
The statute, as written — Security for funds deposited by board
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The board of land and natural resources may, by resolution, provide that any moneys deposited by it shall be secured: (1) By any securities by which funds deposited by the state director of finance may be legally secured as provided in section 38-3, or (2) By an undertaking with such sureties as are approved by the board faithfully to keep and pay over upon the order of the board any deposits and agreed interest thereon, and all banks and trust companies may give any security for the deposits.
Sections this one refers to
§38-3 What security must back state deposits
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.