§307-9 Special fund. Notwithstanding any other law to the contrary, the research corporation shall be authorized to set up a special account for depositing moneys received from either public or private contracts, or from private or public grants, awards, or gifts. The provisions of section 304-8 and other laws to the contrary notwithstanding, this special account may be used to receive, disburse, and account for funds of research and training projects of the University of Hawaii, other state agencies, and political subdivisions of the State. All disbursements shall be drawn on such special account upon checks prepared and signed as approved by the executive director and some other person authorized by the board of directors. [L 1965, c 209, pt of §1; Supp, §44-108; HRS §307-9; am L 1974, c 194, §1; am L 1995, c 19, §5]