HomeMy WebLinkAboutRES 113 Draft 03 2000-2002 COLTl®T'I"Y O~ I-It~~V~`~ ~~TE Off` I~AWAI`I
I~SOLUTIOI®T 1010. ~
(D~F'T 3)
F2ES~1llJTl®N CL.~RI~YING THE TYPES ®F SFI~~T TEI~IVi INI9ESTI~I~NT~ COUNTY
~~NIES IN ACC~ft®~NCE ~O91TIi SECTI®N 46-50 ~F THE I~IAONA,I`I I~E!/ISE~? ST~TIJTES
O9VHEREAS, pursuant to Section 46-50 of the Hawaii Revised Statutes (HRS), entitled "short
term investment of county moneys", the Director of finance 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 when in the judgment of the legislative body, such action will not
impede or hamper the necessary financial operations of the County; and
On~~li~I~E,~S, 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 Revised Statutes;
and
OAdHEREAS, Section 46-50 of the Hawaii Revised 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.
NOON, THEI~E~'®i~E, ~ iT RES®L!/i~t~ ~Y TIME C~l1NCIL ®F TOiE C®UNTY I~~OO~IIAI`I,
that the types of short term investments, in which the Director of 1=finance is authorized to invest
County monies, have been clarified and amended to reflect those listed in Section 46-50 of the
Hawaii Revised Statutes.
13~ IT FlJ12TFI~FZ t~ES®LVED, that a copy of this resolution be transmitted to the Department
of Finance.
Dated at Hilo, Hawaii, this 12th day of September , 2001.
INTR CAD ~Y:
COUNCIL MEMO ,COUNTY HAWAII
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 CHUNG X
vote indicated to the right hereof adopted by the COUNCIL of ELARIONOFF X
the County of Hawaii on September 12, 2001 ]ACOBSON
ATTEST: LEITHEAD-TODD
P[SICCH[O X
~ SAFARIK X
j ~ TYLER
YAGONG X
9 0
Reference C-312.2/P-Council
D
COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO. ' raft 3 )