HI HB1224

Creates a mechanism to fund the Kahoolawe rehabilitation trust fund using a portion of conveyance tax revenues under section 247-7 of the Hawaii Revised Statutes.

Adds conveyance tax revenues as a new funding source alongside existing federal appropriations, which totaled $44,000,000 but are insufficient for long-term restoration efforts.

Amends section 6K-9.5 to designate a portion of conveyance taxes as eligible deposits into the Kahoolawe rehabilitation trust fund to be administered by the department with commission approval.

Modifies section 247-7 to allocate a percentage of collected conveyance taxes to the Kahoolawe rehabilitation trust fund (specific percentage amount left blank in the bill text).

Takes effect upon approval and enables the Kahoolawe Island Reserve Commission to continue and expand restoration programs that combine ancestral knowledge with modern resource management techniques.