ยง40-11 - Destruction of warrants, bonds and interest coupons.
ยง40-11ย Destruction of warrants, bonds andinterest coupons.ย The director of finance and comptroller may destroy allwarrants of the State which have been paid and bear any date three years priorto the date of destruction; provided that the warrants have been copied to anunalterable media or electronic storage form and the copies of the warrants aremaintained for ten years from the date of the warrant.ย Otherwise, statewarrants which have been paid cannot be destroyed until ten years from the dateof the warrant.ย The director of finance and comptroller may destroy statebonds and interest coupons which have been paid and bear any date two yearsprior to the date of destruction.ย The director of finance and comptroller mayappoint the fiscal agent for the bond issue to supervise and conduct thedestruction of state bonds and interest coupons which have been paid and bearany date two years prior to the date of destruction.ย The fiscal agent soappointed shall submit reports as required by the director of finance andcomptroller.ย State warrants, bonds, and interest coupons may be destroyed byburning, machine shredding, chemical disintegration, or any other method ofdisposal deemed acceptable to the director of finance and comptroller. [L 1947,c 147, ยง1; RL 1955, ยง34-54; am L 1957, c 152, ยง1; am L Sp 1959 2d, c 1, ยง14; amL 1961, c 38, ยง1; am L 1963, c 114, ยง1; HRS ยง40-11; am L 1972, c 5, ยง1; am L1985, c 217, ยง1; am L 1998, c 54, ยง1]