HI SB2180

Requires the Director of Finance to consider a depository's lending for affordable housing when selecting where to deposit state treasury funds, specifically loans at favorable terms for below-market-price housing or housing exclusively for Hawaii residents who are owner-occupants with no other real property.

Maintains existing limits allowing no more than 40% of state funds to be deposited in depositories outside the State and no more than 60% in any single depository.

Permits exceeding the 60% single-depository limit if a Hawaii-based depository offers higher yields than others, provided safety and liquidity are maintained.

Updates statutory language throughout Section 38-2, Hawaii Revised Statutes, including clarifying grammatical changes and modern phrasing.

Takes effect on January 1, 2050.