HRS §46-49
Where interest on deposited money goes
This section says that when the finance director deposits money that belongs to the waterworks fund, any interest earned must be added to that fund. If the money belongs to a bond fund, the interest must go to the fund that pays bond interest.
countiesstate agencies
The statute, as written — Interest on deposits
If any money deposited by the director of finance, under the provisions of section 46-48, belongs to the waterworks funds, then any interest received on the same shall be paid into and credited to the funds, and if any money so deposited belongs to a bond fund, then any interest received on the same shall be paid into and credited to the fund which provides for the payment of interest on bonds.
Sections this one refers to
§46-48 County money can be kept in banks like state money
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