Hawaii Revised Statutes 201H-17 – Federal funds outside of state treasury
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Terms Used In Hawaii Revised Statutes 201H-17
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Notwithstanding chapter 38, the corporation may establish and manage federal funds outside of the state treasury to be used for federal housing programs. The corporation shall invest those funds in permitted investments in accordance with chapter 36.