HRS §88-33
No personal profit or use of system money by trustees or employees
Read the official text at capitol.hawaii.gov ↗This section stops trustees and board employees from having any personal financial stake in the board's investments, from using system money except for board-approved payments, and from backing or guaranteeing loans involving the board.
employeestrustees
The statute, as written — Prohibited interest of trustees and employees of board
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.
Except as herein provided, no trustee and no employee of the board of trustees shall have any direct interest in the gains or profits of any investment made by the board, nor as such receive any pay or emolument for the trustee's and employee's services. No trustee or employee of the board shall, directly or indirectly, for oneself or as an agent in any manner use the moneys of the system, except to make such current and necessary payments as are authorized by the board; nor shall any trustee or employee of the board become an indorser or surety or become in any manner an obligor for moneys loaned by or borrowed from the board.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.