HI HB833

Amends Section 237D-6.5 of Hawaii Revised Statutes to make the $103,000,000 county allocation from transient accommodations tax revenues permanent, removing the previous fiscal year-specific amounts ($103,000,000 for 2014-2015, $103,000,000 for 2015-2016, and $93,000,000 for subsequent years).

Maintains the distribution percentages for counties: Kauai 14.5%, Hawaii County 18.6%, City and County of Honolulu 44.1%, and Maui County 22.8%.

Preserves existing allocations to convention center enterprise special fund ($26,500,000), tourism special fund ($82,000,000), and Turtle Bay conservation easement special fund ($3,000,000).

Retains provision allowing the state director of finance to retain funds from county allocations beginning in fiscal year 2018-2019 if counties fail to meet their required contributions to separate trust funds under Section 87A-42.

Takes effect upon approval.