§87A-25 - Other duties. - Hawaii Statutes

     [§87A-25]  Other duties.  The board shall:

     (1)  Authorize charges and payments from the fund only upon vouchers countersigned by the chairperson and any other person designated by the board;

     (2)  Maintain accurate records and accounts of all financial transactions of the fund that shall be audited annually and summarized in an annual report to the governor and legislature;

     (3)  Maintain suitable and adequate records and provide information requested by State and county employers as necessary to carry out the purpose of the fund;

     (4)  Procure fiduciary liability insurance and error and omissions coverage for all trustees; and

     (5)  Procure a fidelity bond of a reasonable amount for the chairperson and any other person authorized to handle fund moneys. [L 2001, c 88, pt of §1]