HI HB649

Establishes the Small Boat Harbor Commercial Vessel Special Fund to be administered by the Department of Land and Natural Resources, funded by legislative appropriations, designated fee portions, and interest/dividend income.

Requires a percentage of commercial vessel moorage fee revenues to be deposited into the new special fund for improvements that primarily benefit commercial vessels in state small boat harbors.

Authorizes the Director of Finance to issue general obligation bonds for capital improvement projects at five small boat harbors: Ala Wai (Oahu), Haleiwa (Oahu), Honokohau (Hawaii), Maalaea (Maui), and Port Allen (Kauai).

Modifies Section 200-10 to clarify that certain revenues designated for the commercial vessel special fund are excluded from the boating special fund deposit requirement.

Takes effect July 1, 3000 (note: effective date appears to contain a typographical error).