§206-16  Investment of reserves.  The
board of land and natural resources may invest any funds held in reserves or
sinking funds, or any funds not required for immediate disbursement, in
property or securities in which savings banks may legally invest funds subject
to their control.  No provisions with respect to the acquisition, operation, or
disposition of property by other public bodies shall be applicable to the board
under this chapter unless otherwise specifically provided by law. [L 1961, c 6,
§14; Supp, §98J-14; HRS §206-16]