Bill Text: HI SB2668 | 2020 | Regular Session | Amended
Bill Title: Relating To The Land Conservation Fund.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Engrossed - Dead) 2020-03-09 - Referred to WLH, FIN, referral sheet 36 [SB2668 Detail]
Download: Hawaii-2020-SB2668-Amended.html
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THE SENATE |
S.B. NO. |
2668 |
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THIRTIETH LEGISLATURE, 2020 |
S.D. 2 |
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STATE OF HAWAII |
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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 [$6,800,000,] $8,800,000, 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 2020-2021 for resource land acquisition.
The sum 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, 2050.
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 resource land acquisition. Effective 7/1/2050. (SD2)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
