HI SB2987

Extends the annual $103,000,000 allocation of transient accommodations tax revenues to Hawaii counties for fiscal year 2016-2017, maintaining the same allocation percentages (Kauai 14.5%, Hawaii county 18.6%, Honolulu 44.1%, Maui county 22.8%)

Reduces the county allocation to $93,000,000 annually for fiscal year 2018-2019 and thereafter

Maintains existing allocations for the Turtle Bay conservation easement fund ($1,500,000), convention center fund ($26,500,000), tourism special fund ($82,000,000), and special land and development fund ($3,000,000)

Effective July 1, 2016