HI HB1655

Requires all state departments and agencies to transfer 20 percent of receipts from public land trust dispositions to the Office of Hawaiian Affairs each fiscal quarter, with a minimum quarterly payment of $3,775,000, effective fiscal year 2016-2017.

Directs the Department of Budget and Finance to return moneys to the Office of Hawaiian Affairs that were previously claimed as overpayments for fiscal years 2012-2013, 2013-2014, and 2014-2015, plus any overpayment moneys for 2015-2016 and 2016-2017.

Requires the Director of Finance to transfer any discovered quarterly shortfalls to the Office of Hawaiian Affairs within ten days of discovery.

Establishes a Public Land Trust Revenues Negotiating Committee composed of the Senate President, House Speaker, Governor, and OHA Board Chairperson (or designees) to recommend permanent legislation on OHA's annual public land trust share by the 2018 legislative session.

Removes the annual and quarterly maximum payment caps that were imposed under Act 178 (2006).