HI SB1372

Authorizes the issuance of general obligation bonds and appropriates funds for the Department of Land and Natural Resources to acquire the Lipoa Point parcel on Maui in consultation with Hawaiian Islands Land Trust.

Lipoa Point-Honolua is designated as an iconic Hawaiian landmark with significant marine resources, historical and archaeological sites, and recognized as a nationally acclaimed marine preserve with diverse coral reef formations and rare species habitat.

Maui Land and Pineapple Company, Inc. is identified as a willing seller and Hawaiian Islands Land Trust is obtaining property appraisals for the acquisition process.

Requires the Department of Land and Natural Resources to invite participation from appropriate government agencies and nonprofit organizations to achieve acquisition and protection of Lipoa Point through collaborative partnerships.

Acquisition is subject to approval by the Board of Land and Natural Resources under Hawaii Revised Statutes section 171-30.