HRS §88-120
Service charges
Read the official text at capitol.hawaii.gov ↗This section lets the retirement system's board pay reasonable fees to people who service mortgages it owns, give investment advice, or handle other costs of investing its funds. It does not require anyone to do anything.
everyone
The statute, as written — Service charges
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The board of trustees may pay out of any of the several funds held for investment, a reasonable amount to any person for servicing and handling of mortgages purchased by the board or for supplying investment advisory or consultative services; and to meet such other costs incident to the prudent investment of system funds as the board may approve.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.