§174-9 Security for funds deposited by board. The board of land and natural resources may by resolution provide that all moneys deposited by it shall be secured:
(1) By any securities by which funds deposited by the director of finance of the State may be legally secured, as provided in section 38-3; or
(2) By an undertaking with such sureties as shall be approved by the board faithfully to keep and pay over upon the order of the board any such deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for the deposits. [L 1961, c 166, pt of §3; am L 1963, c 114, §1; Supp, §86-8; HRS §174-9]
Revision Note
Section "38-3" substituted for "38-2".
Structure Hawaii Revised Statutes
Title 12. Conservation and Resources
174. Water and Land Development
174-1 Findings and declaration of necessity.
174-4 Interested members of the board or employees.
174-7 Issuance of revenue bonds.
174-9 Security for funds deposited by board.
174-10 Eligibility of revenue bonds for investment.
174-11 Rate policy; sale of excess water.
174-13 Petition of land occupiers for formation of water project.
174-16 Consideration of petitions; notice and hearing.
174-17 Formation of a project on initiative of board; notice and hearing; protests.
174-18 Approval of legislature, appropriations.
174-19 Administration of project; acreage assessments; liens.
174-20 Furnishing domestic water.
174-21 Repayment of certain state advances.
174-22 Land and water development projects; source of funds; disposition of receipts.