summary
Introduced
01/25/2023
01/25/2023
In Committee
02/15/2023
02/15/2023
Crossed Over
Passed
Dead
05/03/2024
05/03/2024
Introduced Session
2023 Regular Session
Bill Summary
Establishes the Climate Impact Special Fund. Allocates five cents from the Environmental Response, Energy, and Food Security Tax to the Climate Impact Special Fund. Appropriates funds to the Hawaii Climate Change Mitigation and Adaptation Commission to address impacts of climate change and to mitigate further impacts on the State through carbon sequestration and resiliency planning. Allocates funds to the Sea Level Rise Voluntary Relocation Fund. Effective 6/30/3000. (HD1)
AI Summary
This bill establishes the Climate Impact Special Fund, which will be administered by the Hawaii Climate Change Mitigation and Adaptation Commission. The fund will be financed by appropriations, fees, grants, donations, and earnings, and will be used to address the impacts of climate change, including through nature-based solutions, climate-smart agriculture, transportation, sea level rise planning, carbon sequestration, and clean energy initiatives. The bill also allocates 5 cents from the existing Environmental Response, Energy, and Food Security Tax to the Climate Impact Special Fund. Additionally, the bill appropriates $100 million to the Climate Impact Special Fund for fiscal year 2023-2024, and $80 million from the fund for the operations of the Commission, as well as $20 million to the Sea Level Rise Voluntary Relocation Fund.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (1)
Last Action
Carried over to 2024 Regular Session. (on 12/11/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
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