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HI SB2792

Bill

Status

Engrossed

3/8/2012

Primary Sponsor

Shan Tsutsui

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Directs 15 percent of geothermal royalties collected from mining leases executed after July 1, 2012, to be deposited into the Native Hawaiian Rehabilitation Fund.

  • Allocates 30 percent of revenues from state land disposition to non-geothermal renewable energy producers (after July 1, 2012) to the Native Hawaiian Rehabilitation Fund.

  • Requires 25 percent of all geothermal mining royalties received by the State to be paid to the county where the geothermal operation is located.

  • Establishes a minimum royalty rate of no less than 12 percent of the gross amount or value of geothermal resources produced under a geothermal mining lease.

  • Provides supplemental income to Hawaiian Home Lands to continue existing programs for Native Hawaiians.

Legislative Description

Department of Hawaiian Home Lands; Native Hawaiian Rehabilitation Fund

Last Action

(H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on WLO/EEP with none voting aye with reservations; none voting no (0) and Herkes, Kawakami, Oshiro, Tokioka excused (4).

3/16/2012

Committee Referrals

Ways and Means2/17/2012
Hawaiian Affairs1/25/2012

Full Bill Text

No bill text available