HRS §516-43
Security for funds the housing corporation deposits
The Hawaii Housing Finance and Development Corporation can require that money it deposits in banks be protected. It can use the same types of security the state finance director uses, or a bond from an approved surety. Banks and trust companies may provide this security.
financial institutionsstate agencies
The statute, as written — Security for funds deposited
The Hawaii housing finance and development corporation, by resolution, may provide that all moneys deposited by it shall be secured by: (1) Any securities by which funds deposited by the state director of finance may be legally secured as provided in section 38-3; or (2) An undertaking with sureties as are approved by the corporation faithfully to keep and pay over upon the order of the corporation any deposits and agreed interest thereon, and all banks and trust companies may give any 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.