HI HB438

Appropriates an unspecified amount of general revenues to the Kahoolawe Island Reserve Commission for fiscal years 2015-2016 and 2016-2017 to fund restoration and preservation projects.

Requires the Kahoolawe Island Reserve Commission to submit a financial self-sufficiency and sustainability plan, including any proposed legislation, to the legislature no later than twenty days prior to the 2016 regular session.

Funds are designated for restoration and preservation of natural, cultural, and historic resources of the Kahoolawe island reserve and its meaningful and safe use by the people of Hawaii.

Addresses the depletion of the existing Kahoolawe Rehabilitation Trust Fund, which was projected to be depleted by 2016 according to a 2013 fiscal audit.

Takes effect on July 1, 2050.