HRS §29-16
Where federal money goes and who manages it
This section says that federal money given to Hawaii must be put into the state's main account with the finance director. It can only be spent if the legislature approves it, and the state comptroller must sign off on payments. The comptroller can also set up accounting rules to follow federal requirements.
financial institutionsstate agencies
The statute, as written — Treasury as depository; duties of comptroller
[(a)] All federal-aid moneys received by the State, except as otherwise provided for by the federal government, shall be deposited with the director of finance and, subject to appropriation by the legislature or other law authorizing expenditure, shall be disbursed upon warrants drawn by the comptroller of the State supported by vouchers approved by the board, commission, department, or officer having charge of the expenditure of the moneys by virtue of the plan, agreement, or arrangement entered into or made with the proper federal agency. [(b)] The comptroller may prescribe and maintain a system of accounts and accounting as may be required by the federal government, or any agency thereof, in carrying out the objects and purposes of the plan, agreement, or arrangement.
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