Hawaii SB2180 amends the state's treasury deposit rules to allow more funds to be placed in higher-yielding depositories.

Hawaii SB2180 modifies the conditions under which the state treasurer can deposit public funds. It allows more than 60% of the state's available funds to be placed in a single depository if it offers a higher yield, provided it maintains the safety and liquidity of the funds. The bill also requires the treasurer to consider the benefits of using in-state depositories, such as favorable housing loans, when selecting a depository. The changes take effect on July 1, 2050.

Hawaii SB2180 amends the state's treasury deposit rules to allow more funds to be placed in higher-yielding depositories.

Hawaii SB2180 modifies the conditions under which the state treasurer can deposit public funds. It allows more than 60% of the state's available funds to be placed in a single depository if it offers a higher yield, provided it maintains the safety and liquidity of the funds. The bill also requires the treasurer to consider the benefits of using in-state depositories, such as favorable housing loans, when selecting a depository. The changes take effect on July 1, 2050.