HI HB1467

Allocates $82,000,000 annually to the tourism special fund with annual inflation adjustments based on the Honolulu region consumer price index beginning July 1, 2017.

Maintains $26,500,000 allocation to the convention center enterprise special fund and $3,000,000 to the special land and development fund at current fixed levels.

Allocates $1,500,000 to the Turtle Bay conservation easement special fund for debt service on general obligation bonds until fully amortized.

Changes county allocation from fixed dollar amounts to 45 percent of remaining revenues after all other allocations, distributed as: Honolulu 44.1%, Hawaii County 18.6%, Maui County 22.8%, and Kauai County 14.5%.

Allows counties to retain amounts needed to cover annual required pension contributions if county contributions fall short, effective July 1, 2017.