HI SB2268

Amends Section 213 of the Hawaiian Homes Commission Act, 1920 to include general excise tax realizations as a revenue source for the Hawaiian home administration account, in addition to existing sources from land leasing and the Hawaiian home receipts fund.

Requires that general excise tax deposits be expended specifically for operational expenses of the Department of Hawaiian Home Lands.

Amends Section 237-31, Hawaii Revised Statutes to establish a new deposit requirement (amount to be determined) from general excise tax revenues into the Hawaiian home administration account, effective fiscal year 2014-2015.

Maintains existing budget approval processes where the department must submit budget estimates to the state director of finance and the governor, with legislative approval required before funds are appropriated.

Effective date: July 1, 2050.