§40-58  In favor of assignees.  No
assignment of moneys by a person to whom the State is directly indebted shall
be effective unless the assignment is first approved by the comptroller or, in
the case of the University of Hawaii and the department of education, until
June 30, 2011, by their respective chief financial officers.  The comptroller
or the chief financial officers of the University of Hawaii and the department
of education may prescribe the form for an assignment, and may approve the
assignment within a reasonable time period if, in their respective discretion,
the rights or obligations of the State, the University of Hawaii, or the
department of education under any contract or other undertaking or under any
law, rule, or order by a competent authority will not be prejudiced thereby. 
Upon approval of the assignment, the comptroller or the respective chief
financial officers of the University of Hawaii and the department of education
shall draw a warrant payable to the assignee.  Except as to contracts
encumbered by the comptroller, the University of Hawaii, or the department of
education, each expending agency, upon notification of the comptroller's
approval of an assignment, shall prepare a claim for payment in accordance with
the terms of the assignment. [L 1898, c 39, §11G; RL 1925, §1454; RL 1935,
§581; RL 1945, §1585; RL 1955, §34-35; am L 1957, c 152, §1; HRS §40-58; am L
1973, c 16, §1; gen ch 1985; am L 1991, c 163, §§1, 3; am L 1993, c 314, §2; am
L Sp 1993, c 8, §22; am L 1997, c 180, §1; am L 1998, c 115, §24; am L 2005, c
137, §1; am L 2006, c 161, §§5, 7]



 



Case Notes



 



  Cited:  33 H. 602, 605.