HRS §40-34
When public accountants can deposit state money in banks
This section lets public accountants, except the director of finance, put state money they collect into banks chosen by the director with the governor's approval. They keep it there until they send it to the director as required. While the money is in that bank, the accountant is not responsible for it.
state agencies
The statute, as written — Accountants may deposit in bank, when
Every public accountant other than the director of finance, receiving or disbursing money belonging to the State may deposit to the public accountant's official credit and keep all moneys received by the public accountant in such banks as may be designated therefor by the director with the approval of the governor until the moneys are remitted to the director as required by law, and the public accountant shall not be responsible for the moneys while so deposited.
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