HAR §16-7-16. Plan fund

There is established a fund into which payments by insurers and others, as may be prescribed or permitted by the board of directors, shall be deposited and held by the board and from which disbursements may be made upon authorization of the board of directors for carrying out the purposes of the plan. The funds may be invested and reinvested in such investments as are permitted under chapter 431, HRS. [Eff 6/22/81] (Auth: HRS §435C-2) (Imp: HRS §§435C-3, 435C-4) SUBCHAPTER 3 OPERATING PRINCIPLES