HB 1025 Summary

• Allocates 2% or $1,360,000 (whichever is less) of annual conveyance tax revenues to the conservation and resources enforcement special fund established under HRS § 199-1.5.

• Adds conveyance tax revenues as a new funding source (item 5) to the conservation and resources enforcement special fund, which previously relied on grants, donations, fees, penalties, and legislative appropriations.

• Expands authorized uses of the special fund to include permanent and temporary staff positions for the division's enforcement operations.

• Establishes a nexus between real estate conveyance activity and natural resource protection, recognizing that development pressures from property sales impact watersheds, water resources, and natural areas.

• Takes effect July 1, 2050.