HI SB2136

Establishes a public land trust revenues committee within the Department of Budget and Finance consisting of the governor (chairperson), president of the senate, speaker of the house of representatives, and chairperson of the Office of Hawaiian Affairs board of trustees.

Directs the committee to study and develop recommendations on the proposed annual amount of income and proceeds from the public land trust that the Office of Hawaiian Affairs should receive annually.

Requires the committee to submit a report to the legislature at least 60 days before each regular session with findings, recommendations, and proposed legislation regarding the annual amount of public land trust funds for the Office of Hawaiian Affairs, including any recommended additional income, proceeds, or land transfers.

Responds to Hawaii Supreme Court rulings and past legislation establishing the state's constitutional obligation to provide native Hawaiians with their pro rata share of public land trust revenues, currently set at $15,100,000 annually since 2006.

Takes effect July 1, 2050.