Bill > HB85

This bill amends the existing law regarding the disposition of conveyance tax revenues by modifying the amount allocated to the Land Conservation Fund. Currently, ten percent or $5,100,000 (whichever is less) of the conveyance taxes collected each fiscal year are paid into the Land Conservation Fund. The bill removes the specific dollar amount, leaving only the percentage-based allocation. The bill's purpose is to ensure a consistent and reliable funding stream for land conservation efforts in Hawaii, with the goal of protecting watershed areas, coastal regions, habitats, cultural sites, agricultural lands, and open spaces. The legislative findings emphasize that this funding will help strengthen the state's natural resources, support Native Hawaiian cultural practices, promote community resilience, and maintain important environmental and cultural landscapes. The bill is part of a broader strategy to invest in Hawaii's natural capital and create long-term environmental and economic benefits. The changes will take effect on July 1, 3000 (which appears to be a placeholder date typically used in draft legislation).

Agriculture and Natural Resources, Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=85&year=2026