Hawaii HB2547 authorizes the director of finance to invest state funds in short-term investment grade corporate bonds.
Hawaii HB2547 amends the Hawaii Revised Statutes to allow the director of finance to invest state funds in short-term investment grade corporate bonds. The bill aims to increase investment earnings and make more resources available for state programs and obligations. The amendment adds short-term investment grade corporate bonds to the list of authorized investments, provided they mature within five years. Income from these investments will be credited to the respective funds.
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