§40-68  Nonpresentment of warrants andchecks.  Any warrant drawn upon the state treasury shall be presented atthe treasury for payment before the close of the fiscal year next after thefiscal period in which it has been issued.  Any check drawn from depositoriesof state treasury moneys shall be presented at such depositories for paymentbefore the close of the fiscal year next after the fiscal period in which ithas 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 thereonpursuant to chapter 39.  All warrants or checks not so presented withinthat time shall be deemed to have been paid, and any money held at theexpiration of that time in a special fund or account for the payment of thewarrants or checks shall thereupon be transferred to a trust fund establishedand known as the nonpresentment of warrants and checks trust fund; providedthat the fund balance in the trust fund shall not exceed $500,000 and anyexcess of that amount shall be transferred to the general fund; providedfurther that within the period of four fiscal years immediately following theyear in which an amount of money was so transferred to the trust fund, thepayee or assignee of the warrant or check, or, if the payee is deceased, thepersonal representative of the estate of the payee, or if the estate of thepayee is closed, to any person lawfully entitled to the undisposed property ofthe deceased payee, upon filing with the comptroller a claim for recovery andany supportive evidence required by the comptroller, shall be paid the amountof the warrant or check out of the trust fund upon a warrant or check newlydrawn by the comptroller. [L 1911, c 15, §1; RL 1925, §1466; RL 1935, §593; RL1945, §1597; RL 1955, §34-47; am L Sp 1959 1st, c 13, §2; HRS §40-68; am L1969, c 75, §1; am L 1974, c 30, §1; am L 1976, c 200, pt of §1; am L 1980, c51, §2; am L 1994, c 221, §§1, 4; am L 1995, c 60, §2; am L 1996, c 112, §§1, 2and c 180, §§1, 2]