HRS §356D-26
Security for the authority's deposited money
This section lets the housing authority choose how to protect money it deposits. It may use the same security the state finance director uses, or a surety bond promising to return the money and interest when asked. Banks and trust companies may provide this security.
everyone
The statute, as written — Security for funds deposited by the authority
The authority, by resolution, may provide that all moneys deposited by it shall be secured: (1) By any securities by which funds deposited by the director of finance may be legally secured as provided in section 38-3; or (2) By an undertaking with sureties as are approved by the authority faithfully to keep and pay over upon the order of the authority 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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