HI SB941

Amends Hawaii Revised Statutes Section 40-51.5 to clarify that electronic funds transfers may be issued in lieu of warrants from state treasury accounts with comptroller and director of finance approval.

Expands the definition of electronic funds transfers to explicitly include Automated Clearing House (ACH) transactions that debit the State's bank account under situations authorized by the director of finance.

Maintains existing requirement that comptroller obtain director of finance approval before issuing checks or making electronic funds transfers from state treasury depositories.

Takes effect on July 1, 2017.