§40-68  Nonpresentment of warrants and
checks.  Any warrant drawn upon the state treasury shall be presented at
the treasury for payment before the close of the fiscal year next after the
fiscal period in which it has been issued.  Any check drawn from depositories
of state treasury moneys shall be presented at such depositories for payment
before the close of the fiscal year next after the fiscal period in which it
has been issued.  The director of finance shall pay out moneys for the payment,
redemption, or purchase of state bonds and for the payment of interest thereon
pursuant to chapter 39.  All warrants or checks not so presented within
that time shall be deemed to have been paid, and any money held at the
expiration of that time in a special fund or account for the payment of the
warrants or checks shall thereupon be transferred to a trust fund established
and known as the nonpresentment of warrants and checks trust fund; provided
that the fund balance in the trust fund shall not exceed $500,000 and any
excess of that amount shall be transferred to the general fund; provided
further that within the period of four fiscal years immediately following the
year in which an amount of money was so transferred to the trust fund, the
payee or assignee of the warrant or check, or, if the payee is deceased, the
personal representative of the estate of the payee, or if the estate of the
payee is closed, to any person lawfully entitled to the undisposed property of
the deceased payee, upon filing with the comptroller a claim for recovery and
any supportive evidence required by the comptroller, shall be paid the amount
of the warrant or check out of the trust fund upon a warrant or check newly
drawn by the comptroller. [L 1911, c 15, §1; RL 1925, §1466; RL 1935, §593; RL
1945, §1597; RL 1955, §34-47; am L Sp 1959 1st, c 13, §2; HRS §40-68; am L
1969, c 75, §1; am L 1974, c 30, §1; am L 1976, c 200, pt of §1; am L 1980, c
51, §2; am L 1994, c 221, §§1, 4; am L 1995, c 60, §2; am L 1996, c 112, §§1, 2
and c 180, §§1, 2]