§393-44 Investment of moneys. With the approval of the department the director of finance may, from time to time, invest such moneys in the premium supplementation fund as are in excess of the amount deemed necessary for the payment of benefits for a reasonable future period. Such moneys may be invested in bonds of any political or municipal corporation or subdivision of the State, or any of the outstanding bonds of the State, or invested in bonds or interest-bearing notes or obligations of the State (including state director of finance's warrant notes issued pursuant to chapter 40), or of the United States, or those for which the faith and credit of the United States are pledged for the payment of principal and interest, or in federal land bank bonds or joint stock farm loan bonds. The investments shall at all times be so made that all the assets of the fund shall always be readily convertible into cash when needed for the payment of benefits. The director of finance shall dispose of securities or other properties belonging to the fund only under the direction of the director of labor and industrial relations. [L 1974, c 210, pt of §1]
Structure Hawaii Revised Statutes
Title 21. Labor and Industrial Relations
393-6 Principal and secondary employer defined; coercion, interference, etc. prohibited.
393-7 Required health care benefits.
393-11 Coverage of regular employees by group prepaid health care plan.
393-12 Choice of plan type and of contractor.
393-13 Liability for payment of premium; withholding; recovery of premium.
393-14 Commencement of coverage.
393-15 Continuation of coverage in case of inability to earn wages.
393-16 Liability of secondary employer.
393-17 Exemption of certain employees.
393-18 Termination of exemption.
393-19 Freedom of collective bargaining.
393-20 Adjustment of employer-sponsored plans.
393-21 Individual waivers; additional withholding for dependents.
393-22 Exemption of followers of certain teachings or beliefs.
393-23 Joint provision of coverage.
393-24 Noncomplying employer held liable for employee's health care costs.
393-31 Enforcement by the director.
393-32 Rulemaking and other powers of the director.
393-41 Establishment of premium supplementation trust fund.
393-42 Management of the fund.
393-43 Disbursements from the fund.
393-45 Entitlement to premium supplementation.
393-46 Income directly attributable to the business.