HI SR151

Requests the Office of Hawaiian Affairs to complete a 2017 independent financial audit and management review of the Office and its subsidiaries.

Cites concerns about spending irregularities, possible breaches of fiduciary duties, and alternate funding processes for limited liability companies created by the Office, as raised in Auditor's Report No. 18-03.

Notes that the Office of Hawaiian Affairs Board of Trustees authorized the audit in February 2017 to systematically review procurement processes, limited liability companies, and loans.

Acknowledges that the Office has taken proactive steps including procuring an external auditor in March 2017 and approving policy amendments to limit the Chief Executive Officer's budget adjustment discretion.

Directs certified copies of the resolution to be transmitted to the Chairperson of the Board of Trustees, Chief Executive Officer, and State Auditor.