Bill > SB3177

This bill authorizes the Director of Finance to invest certain state moneys in short-term investment grade corporate bonds, which are considered to have a relatively low credit risk and offer potentially higher yields than other authorized investments. This expansion of investment options aims to increase earnings for the state treasury, making more resources available for state programs and debt repayment. The bill amends existing law, Section 36-21 of the Hawaii Revised Statutes, to add this new investment category to the list of securities the Director of Finance can choose from when investing funds that are in excess of immediate state needs.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3177&year=2026