STAND.
COM. REP. NO. 316-24
Honolulu, Hawaii
, 2024
RE: H.B. No. 1592
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2024
State of Hawaii
Sir:
Your Committee on Water & Land, to which was referred H.B. No. 1592 entitled:
"A BILL FOR AN ACT RELATING TO THE LAND CONSERVATION FUND,"
begs leave to report as follows:
The
purpose of this measure is to
increase the maximum annual amount of conveyance tax revenues allocated to the
Land Conservation Fund.
Your Committee finds that the Land
Conservation Fund supports the acquisition of interests or rights in land
having value as a resource to the State.
This measure ensures that there is adequate funding for the Land
Conservation Fund and the Legacy Land Conservation Program to protect valuable
lands and resources for future generations.
Your
Committee has amended this measure by:
(1) Changing the maximum annual amount of conveyance tax revenues to be allocated into the Land Conservation Fund to an unspecified amount;
(2) Changing the effective date to July 1, 3000, to encourage further discussion; and
(3) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
Your Committee notes the Department of Land and Natural Resources' request for this measure to take effect upon its approval, which would allow the change to apply from fiscal year 2023-2024.
Your Committee respectfully requests your Committee on Finance, should it deliberate on this measure, to consider inserting an amount of $10,000,000.
As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1592, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1592, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Water & Land,
|
|
____________________________ LINDA ICHIYAMA, Chair |
|
|
|