HI SB2122

Establishes an annual pro rata share amount (specific dollar amount left blank in bill text) of public land trust income and proceeds to be transferred to the Office of Hawaiian Affairs (OHA) beginning in fiscal year 2022-2023.

Requires state departments and agencies collecting receipts from public land trust lands to transfer their portion of those receipts to OHA quarterly to meet the established annual amount, with the Governor authorized to set each agency's quarterly transfer amount by executive order.

Appropriates funds from the carry-forward trust holding account (approximately $29,060,007.97 as of fiscal year 2021) to pay OHA for misallocated, underreported, or underpaid public land trust income and proceeds between July 1, 2012, and June 30, 2022.

Establishes a mechanism requiring the Director of Finance to reconcile quarterly transfers within 12 days of quarter-end and make up any shortfalls using the carry-forward account or by increasing agency transfer requirements.

Takes effect on July 1, 2022, and does not resolve or settle claims regarding OHA's full constitutional pro rata share under Article XII, Section 6 of the Hawaii State Constitution.