§40-7  Count of money and securities intreasury.  The comptroller with the aid of the staff of the director oftaxation and the director of finance shall count the money and securities inthe state treasury once in each fiscal year, or such other times as thecomptroller may deem necessary, provided that the scope of the examinationshall be determined by the comptroller who shall use such auditing proceduresas the comptroller deems necessary.

The comptroller shall prepare, in triplicate,statements showing:

(1)  The amount of money actually in the treasuryreconciled with the amount of money as shown by the comptroller's record.

(2)  The amount of securities owned by the State inthe treasury reconciled with the amount of securities as shown by the comptroller'srecords.

(3)  The amount of the depository securities actuallyin the treasury as compared with the amount of cash deposited in the respectivebanks (depositories) provided that the sufficiency of these deposits shall notbe made a part of the examination. [L 1927, c 219, pt of §16; RL 1935, §597; amL 1941, c 86, §1; RL 1945, §1601; RL 1955, §34-51; am L 1957, c 152, §1; am L1959, c 145, §2; am L Sp 1959 2d, c 1, §§14, 16; am L 1963, c 114, §1; HRS§40-7; gen ch 1985]

 

Case Notes

 

  Cited:  36 H. 369, 380.