§46-53  Loans to the State.  When there
are county moneys which in the judgment of the county director of finance are
in excess of the amounts necessary for the immediate county requirements, the
county director of finance may, with the approval of the director's council,
make temporary loans therefrom to the State if in the director's judgment the
action will not impede or hamper the necessary financial operations of the
county.  The loans to the State may be made without interest, or at such rates
of interest, and upon such other terms and conditions, as may be agreed upon
between the county director of finance, and the state director of finance and
as may be approved by the council and the governor.  The loans shall be made
only upon the request of the state director of finance, approved by the
governor, and they shall be repayable upon the demand of the county director of
finance. [L 1945, c 133, §2; RL 1955, §138-18; am L Sp 1959 2d, c 1, §14; am L
1963, c 114, §1; HRS §46-53; gen ch 1985]