HRS §37C-3
Legislature must review and may adopt debt policy
When the finance director sends a recommended state debt management policy, the legislature must look at it. The legislature can then approve the policy as is, change it, or reject it. The policy only becomes official if the legislature passes a law to adopt it.
state agencies
The statute, as written — Debt management policy; duties of the legislature
Upon receipt from the director of finance, the legislature shall consider the recommended state debt management policy. The legislature may establish the policy, with or without modification, by act.
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