SB 1363 Summary

• Establishes an interim annual pro rata share amount (amount not filled in bill text) for the Office of Hawaiian Affairs from public land trust income and proceeds beginning in fiscal year 2019-2020.

• Appropriates funds (amount not specified) to compensate the Office of Hawaiian Affairs for underpayment of public land trust revenues between July 1, 2012 and June 30, 2019.

• Requires state departments collecting public land trust receipts to transfer quarterly portions to the Office of Hawaiian Affairs, with the Director of Finance making up shortfalls from a carry-forward trust holding account or adjusting agency transfer obligations.

• Mandates the Department of Land and Natural Resources to provide an annual accounting of all public land trust receipts, identifying gross amounts, amounts transferred to OHA, and amounts retained by the state.

• Establishes a Public Land Trust Revenues Committee to study and recommend the appropriate annual OHA share every six years, with recommendations due to the legislature by January 20 of regular sessions in 2024 and thereafter.