HRS §356D-26
Security for the authority's deposited money
Read the official text at capitol.hawaii.gov ↗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
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 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
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.