Hawaii § 39-69 - Investment of reserves, etc.
Full text of Hawaii Hawaii Revised Statutes § 39-69 — Investment of reserves, etc., with citation guidance and answers to common questions.
§ 39-69. Investment of reserves, etc.
The director of finance, with the approval of the department, may invest any money held as reserves or in sinking funds or not required for immediate disbursement, including proceeds of the revenue bonds, which in the department's judgment are in excess of the amounts necessary for the meeting of immediate requirements, in securities permitted by the resolution or certificate and which constitute legal investments for public funds. Income derived therefrom shall be treated as revenue of the undertaking or loan program; expenses of purchase, safekeeping, sale, and redemption, and all other expenses attributable to the investments shall be proper expenses of the undertaking or loan program. Securities so purchased shall be considered as being deposited in the custody or control of the director of finance by the department, and shall be legally secured as provided in section 38-3. [L 1988, c 28, pt of §3] Previous Vol01_Ch0001-0042F Next
Source: official Hawaii text · Last verified 2026-08-27
Frequently Asked Questions About Hawaii § 39-69
What does Hawaii Revised Statutes § 39-69 cover?
Section 39-69 ("Investment of reserves, etc.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 39-69?
A common citation format is "Hawaii Revised Statutes § 39-69" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 39-69 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.