HI SR70

Requests the Auditor to conduct an audit of the State's geothermal leasing and royalty payment program, including the roles of the Board of Land and Natural Resources and Department of Business, Economic Development, and Tourism.

Auditor should examine whether geothermal resources are being developed in a fair, legal, and ethical manner, including consideration of royalty rate structures established under HRS section 182-18.

Directs affected departments and Puna Geothermal Venture to cooperate with the Auditor's investigation.

Requires the Auditor to report findings and recommendations to the Legislature no later than twenty days before the 2012 Regular Session convenes.

Mandates certified copies be sent to the Attorney General, Director of Finance, Board of Land and Natural Resources, Department of Business, Economic Development, and Tourism, Office of Hawaiian Affairs, Hawaii Electric Light Company, and Puna Geothermal Venture.