HI SB69

Amends Section 38-2 of Hawaii Revised Statutes to require the Director of Finance to consider the beneficial effects of using in-state depositories when selecting state treasury depositories.

Requires the Director to specifically evaluate lending at favorable terms for creation of below-market-price housing or housing exclusively for Hawaii residents who are owner-occupants with no other real property.

Maintains existing deposit limits: no more than 40% of state treasury funds in out-of-state depositories and no more than 60% in any single depository (unless higher yield justifies exceeding the 60% threshold).

Makes grammatical and technical corrections to existing statute language, including replacing "which" with "that" and "hereinafter" with "in this section."

Takes effect July 1, 2050.