§88-124  Payment of state contributions to
the system.  (a)  The State shall pay on a monthly basis to the various
funds of the system the amounts payable by the State under this part.  Payments
shall be made within thirty days after the end of the month.



(b)  The system shall determine the actual
amount owed by the State under this part for each fiscal quarter, commencing
with the first fiscal quarter of fiscal year 2005-2006.  The actual amounts
owed by the State for the fiscal quarter shall be compared against the amounts
paid in the fiscal quarter.  Any additional contributions owed by the State for
a fiscal quarter shall be paid before the end of the next fiscal quarter.  Any
excess contributions by the State may be used to offset amounts owed by the State
for the next fiscal quarter. [L 1925, c 55, pt of §8; am L Sp 1933, c 10, §3;
RL 1935, pt of §7927; am L 1935, c 48, §2; RL 1945, §712, subs 6; RL 1955,
§6-100; am L Sp 1959 1st, c 13, §2; HRS §88-115; am L 1969, c 110, pt of §1; am
L 2004, c 181, §4; am L 2005, c 58, §15]