HB2701 Summary

• Requires agencies administering portions of Hawaii's environmental response, energy, and food security tax ($1.05 per barrel of fossil fuel) to consider how their actions support achieving the zero emissions clean economy target and climate change resilience.

• Mandates annual legislative reports from four agencies (Department of Land and Natural Resources, Department of Agriculture, Department of Business/Economic Development/Tourism, and University of Hawaii) explaining how special fund expenditures support zero emissions goals and climate resilience.

• Modifies the environmental response revolving fund to require expenditures endeavor to support the zero emissions target and increase state resilience to climate change impacts.

• Updates the energy systems development special fund purpose statement to explicitly include achieving the zero emissions clean economy target set forth in Hawaii Revised Statutes section 225P-5.

• Effective July 1, 2020.