HI SB2250

Amends Section 46-50 of Hawaii Revised Statutes to expand county investment authority for short-term investments of excess moneys.

Replaces outdated federal lending entities (Federal land bank, joint stock farm loan bonds) with current alternatives (Farm Credit System notes and bonds, Federal Agricultural Mortgage Corporation notes and bonds).

Adds Tennessee Valley Authority notes and bonds, and money market mutual funds meeting specific rating and portfolio requirements (AAA rated or equivalent) as allowable county investments.

Requires county investments in improvement district bonds to be investment grade or supported by a general obligation pledge of the county where the improvement district is located.

Effective July 1, 2030.