HI HB732

Increases the valuation threshold for special management area minor permits from $500,000 to $750,000 for development not situated on shoreline parcels or parcels impacted by waves, storm surges, high tide, or shoreline erosion.

Maintains the $500,000 valuation threshold for special management area minor permits for development situated on shoreline parcels or parcels impacted by coastal hazards.

Increases the valuation threshold for special management area use permits from $500,000 to $750,000.

Requires both $750,000 valuation thresholds to be adjusted every five years for inflation using the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics.

Retains the requirement that minor permits have no substantial adverse environmental or ecological effect, taking into account potential cumulative effects.