HI HB455

Increases the valuation threshold for special management area minor permits from $125,000 to $250,000 to account for inflation and allow more projects to qualify without requiring major permits.

Increases the valuation threshold for special management area use permits from $125,000 to $250,000, with permits required only when development exceeds this amount or may have substantial adverse environmental effects.

Excludes consolidation and re-subdivision of a parcel of land from the definition of "development" when no additional lots are created, with roadway and utility lots not counted as additional lots.

Restructures the statutory definition of "development" to organize excluded activities into a numbered list format without changing the substance of existing exemptions.

Takes effect upon approval.