HI SB2972

Department of Land and Natural Resources shall allocate 10 percent of annual revenues collected from commercial property leases, licenses, and permits within the Banyan Drive redevelopment area to the Banyan Drive Hawaii Redevelopment Agency in Hawaii County.

Appropriates state general revenues to the Banyan Drive Hawaii Redevelopment Agency for fiscal year 2018-2019 to conduct environmental impact studies and other studies required for the agency's redevelopment plan (specific dollar amount left blank in bill).

Required environmental impact studies include cultural impact assessment, archaeological inventory survey, infrastructure capacity study, socioeconomic study, water/soil/floral/faunal studies, exploration of alternative scenarios, and stakeholder consultation and engagement.

County of Hawaii must provide matching funds of $250,000 through its county budget for fiscal year 2018-2019 for any state funds to be made available.

Act takes effect July 1, 2050.