HomeMy WebLinkAboutRES 113 Draft 02 2000-2002 COIJI®1'I'Y O~ I-IAW~ ~A~~ O~ I3AW~I`I
~~OLLTTIOI~T 1®TO. ~ 0~
(D~tAFT 2)
D~S~t_UTI®RI CL,AFtIF1fIIVG SHE ~(P~S O~ SH~I~T T`IialZ9Ul IIV1/~STIViEN~S ®F C~UR9~lf
I~lflNE~S IN A.CC~t't~,~aIVCE V411°fl~ SEC~B®N 46-50 (3~ ~H~ IiA981P~1`I i~~lilS~la ST~TUfiES
914i1~~~2EAS, pursuant to Section 46-50 of the Hawaii Devised Statutes (0-iRS), entitled "short
term investment of county moneys", the Director of I°inance of the County of Hawaii, may, with the
approval of the Council, invest county monies which are in excess of the amounts necessary for the
meeting of immediate requirements in the judgment of the legislative body, such action will not
impede or hamper the necessary financial operations of the County; and
~!d'H~I~~AS, pursuant to Resolution No. 437-92, adopted by the Council of the County of
Hawaii on May 6, 1992, such approval and authorization was granted to the Director of finance to
invest those County monies which are not necessary for the meeting of immediate requirements in
one or more of the type of investments then noted in Section 46-50 of the Hawaii Devised Statutes;
and
VNH~D~AS, Section 46-50 of the Hawaii Devised Statutes was amended in 1998 to allow
additional types of short term investments that could be made with county monies and to extend the
maturity period from three (3) to five (5) years from the date of investment.
N®99x0, T0~~1~~~'~R~, S~ iIT FtESQ~V~D SY ~I~~ C®UNCIL ~F ~°IiS C®UIV~ IHA9119AI`I,
that the types of short term investments, in which the Director of I"inance is authorized to invest
County monies, have been clarified and amended to reflect those listed in Section 46-50 of the
Hawaii Devised Statutes.
.
~E IT I`IJ~THE'~ RED®LVE®, that a copy of this resolution be transmitted to the Department
of Finance.
Dated at Hilo, Hawaii, this day of , 2001.
INTRODU E
COUNCIL MEMBER, UNTY OF H WAI`I
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii
Hilo, Hawaii AYES NOES ABS EX
ARAKAKI
I hereby certify that the foregoing RESOLUTION was by the cIIVNG
vote indicated to the right hereof adopted by the COUNCIL of ELARIONOFF
the County of Hawaii on JACOBSON
LEITHEAD-TODD
ATTEST:
PISICCHIO
SAFARIK
TYLER
YAGONG
Reference C - 312 , I / P -FC
COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO.'~ (Draft 2 )