HI HB2436

Amends Section 87A-42 to redirect county public employer pension contribution shortfalls to transient accommodations tax revenues under section 237D-6.5(b)(6) instead of section 237D-6.5(b)(4).

Amends Section 171-19 to include transient accommodations tax revenues under section 237D-6.5(b)(7) as funding sources for the special land and development fund.

Amends Section 237D-6.5(b) to allocate specified percentages of transient accommodations tax revenues to Iolani Palace and the State of Hawaii Museum of Natural and Cultural History (Bishop Museum), with remaining allocations to existing programs and funds.

Renumbers the priority distribution structure for transient accommodations tax revenues, creating new allocations (1) and (2) for cultural institutions while restructuring numbering for convention center, tourism, county distributions, and land development fund allocations.

Takes effect July 1, 2020.