HRS §206-18
Security for money the board deposits
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
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
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