HRS §304A-3010
Special account for research and training funds
This section lets the research corporation create a special bank account to hold money from public or private contracts, grants, awards, or gifts. The account can be used for research and training projects of the University of Hawaii, other state agencies, and local governments. All payments from the account need approval from the executive director and another person chosen by the board.
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The statute, as written — Special account
Notwithstanding any other law to the contrary, the research corporation shall be authorized to set up a special account for depositing moneys received from either public or private contracts, or from private or public grants, awards, or gifts. The provisions of section [304A-2003] and other laws to the contrary notwithstanding, this special account may be used to receive, disburse, and account for funds of research and training projects of the University of Hawaii, other state agencies, and political subdivisions of the State. All disbursements shall be drawn on the special account upon checks prepared and signed, as approved by the executive director and some other person authorized by the board of directors.
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