Bill Text: HI HB590 | 2024 | Regular Session | Introduced
Bill Title: Relating To The Land Conservation Fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-12-11 - Carried over to 2024 Regular Session. [HB590 Detail]
Download: Hawaii-2024-HB590-Introduced.html
|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
590 |
|
THIRTY-SECOND LEGISLATURE, 2023 |
|
|
|
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;
(3) Annual administration costs for the fund, not
to exceed five per cent of annual fund revenues of the previous year[[];
and[]]
(4) Costs 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:
(1) Ten per cent or [$5,100,000,] $8,000,000,
whichever is less, shall be paid into the land conservation fund established
pursuant to section 173A-5; and
(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 2023-2024 and the same sum or so much thereof as may be necessary for fiscal year 2024-2025 for 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 July 1, 2023.
|
INTRODUCED BY: |
_____________________________ |
|
|
|
Report Title:
Land Conservation Fund; Conveyance Tax; Appropriation
Description:
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 the resource land acquisition.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
