HB 2585 Summary

• Requires all grants and contracts awarded by the Office of Hawaiian Affairs (OHA) to be subject to separate board of trustees approval.

• Establishes a public land trust revenues negotiating committee comprised of the governor, legislative leadership, OHA board chairperson, and finance officials to determine increased annual income and proceeds from the public land trust for OHA.

• Requires the Department of Budget and Finance to conduct annual financial reviews beginning with fiscal year 2018 of revenues generated from public land trust, with OHA having access to all related data and methodology.

• Requires the Office of Planning to assist and facilitate the financial review by liaising between the Department of Budget and Finance and affected state departments and agencies.

• Appropriates unspecified amounts for a new full-time position in the Department of Budget and Finance and administrative costs to the Office of Planning, contingent on OHA providing matching trust funds; takes effect July 1, 2050.