HI HB1443

Authorizes the Hawaii Hurricane Relief Fund to operate as a private entity for participating in the insurance market while remaining a public body for administrative purposes.

Reactivates the special mortgage recording fee that was suspended in 2001 to rebuild the fund's reserves through board resolution.

Appropriates an unspecified amount from general revenues for fiscal year 2013-2014 to be deposited into the Hawaii Hurricane Relief Fund to replenish its depleted reserves (estimated at $20,000,000 versus a peak of $222,000,000).

Modifies fund accumulation targets and coverage limits by replacing specific dollar amounts with blank spaces to be filled in separately, affecting the $500,000,000 accumulation threshold and insurance policy coverage limits.

Effective date is July 1, 2030.