HRS §38-6
Getting proof for state money deposits
When the director puts state money in a bank, they must get a certificate of deposit or a receipt showing the money can be withdrawn by check. These documents and the deposit balances are treated as cash.
state agencies
The statute, as written — Certificates of deposit, deposit receipts
At the time of depositing state money in any depository, the director shall take certificates of deposit payable to the director in such sums as the director deems advisable, or a receipt showing that the deposit is subject to check. The certificates of deposit, receipts, and all balances of these deposits shall be deemed and counted as cash.
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