THIRTIETH LEGISLATURE, 2019
STATE OF HAWAII
A BILL FOR AN ACT
RELATING TO THE LAND CONSERVATION FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 173A-5, Hawaii Revised Statutes, is amended by amending subsection (h) to read as follows:
"(h) The fund shall be used for:
(1) The acquisition of interests or rights in land having value as a resource to the State, whether in fee title or through the establishment of permanent conservation easements under chapter 198 or agricultural easements;
(2) The payment of any debt service on state financial instruments relating to the acquisition of interests or rights in land having value as a resource to the State;
administration costs for the fund, not to exceed five per cent of annual fund
revenues of the previous year[
; and[ ]]
related to the operation, maintenance, and management
of lands acquired by way of this fund that are necessary to protect, maintain,
or restore resources at risk on these lands, or that provide for greater public
access and enjoyment of these lands; provided that the costs related to the
operation, maintenance, and management of lands acquired by way of this fund do
not exceed [
five] twenty-five per cent of annual fund revenues of
the previous year."
SECTION 2. Section 247-7, Hawaii Revised Statutes, is amended to read as follows:
"§247-7 Disposition of taxes. All taxes collected under this chapter shall be paid into the state treasury to the credit of the general fund of the State, to be used and expended for the purposes for which the general fund was created and exists by law; provided that of the taxes collected each fiscal year:
per cent or [
$6,800,000,] $8,800,000, whichever is less, shall be
paid into the land conservation fund established pursuant to section 173A-5;
(2) Fifty per cent or $38,000,000, whichever is less, shall be paid into the rental housing revolving fund established by section 201H-202."
SECTION 3. There is appropriated out of the land conservation fund the sum of $ or so much thereof as may be necessary for fiscal year 2019-2020 and the same sum or so much thereof as may be necessary for fiscal year 2020-2021 for resource land acquisition.
The sums appropriated shall be expended by the department of land and natural resources for the purposes of this Act.
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on December 31, 2050.
Land Conservation Fund; Conveyance Tax; Appropriation
Increases the percentage of the land conservation fund that may be used for costs related to the operation, maintenance, and management of lands acquired by the fund. Increases the maximum dollar amount of the conveyance tax distribution to the land conservation fund. Appropriates funds from the land conservation fund for resource land acquisition. Effective 12/31/2050. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.