§88-124 - Payment of state contributions to the system. - Hawaii Statutes

     §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]