HI HB1448

Removes expired provision requiring $2,000,000 annual expenditure from the Tourism Special Fund for visa program and international travel initiatives that was set to expire June 30, 2015.

Allocates transient accommodations tax revenues as follows: $26,500,000 to convention center enterprise special fund, $82,000,000 to tourism special fund, $103,000,000 to counties (with percentages varying by county), $3,000,000 to Turtle Bay conservation easement special fund, and $3,000,000 to special land and development fund.

Clarifies that the Board of Land and Natural Resources and Hawaii Tourism Authority jointly control expenditure of the $3,000,000 allocation to the Special Land and Development Fund according to the long-range strategic plan for tourism.

Specifies that the $3,000,000 allocation to the Special Land and Development Fund may be used for protection and preservation of natural resources, planning and construction of facilities, and operation and maintenance of public lands related to visitor experience.

Takes effect on July 1, 2020.