SB1363 Summary

• Establishes an annual allocation (amount unspecified in document) as the Office of Hawaiian Affairs' pro rata share of public land trust income and proceeds beginning in fiscal year 2020-2021, as an interim measure pending further legislative action.

• Appropriates funds (amount unspecified) to compensate the Office of Hawaiian Affairs for underpayment of public land trust revenues between July 1, 2012, and June 30, 2020.

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

• Mandates the Department of Land and Natural Resources to provide annual accounting of all public land trust receipts, identifying gross amounts, transfers to OHA, amounts retained by the State, and affected land parcels.

• Establishes a Public Land Trust Revenues Committee consisting of the Governor, Senate President, House Speaker, and OHA Chairperson to study and recommend the appropriate annual allocation every six years, with first recommendations due before the 2024 legislative session.