HI SB3034

Establishes the Hawaii Coastal Resilience Acquisition and Leaseback Program within the Department of Land and Natural Resources, with implementation required by July 1, 2028

Authorizes voluntary acquisition of vulnerable coastal properties threatened by erosion, sea level rise, or flooding, with acquisition price based on "hazard-adjusted residual value" (appraised value minus remediation, demolition, and restoration costs)

Creates the Coastal Resilience Revolving Fund to receive legislative appropriations, bond proceeds, grants, and lease payments for property acquisition, relocation assistance, demolition, and site restoration

Allows former owners to lease back acquired properties for up to two years at a time, with automatic lease termination if the property is deemed unsafe and prohibition on expansion or capital improvements

Requires all acquired properties to have deed restrictions prohibiting redevelopment, with restored sites managed as open space, coastal buffer, or public trust land