Report Title:

Kikala-Keokea

 

Description:

Provides funds for infrastructure development on Kikala-Keokea homestead, Big Island. (HB1026 HD1)

 

HOUSE OF REPRESENTATIVES

H.B. NO.

1026

TWENTY-FIRST LEGISLATURE, 2001

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO KIKALA-KEOKEA.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Act 314, Session Laws of Hawaii 1991, as amended, authorized the department of land and natural resources to negotiate and enter into long-term leases with persons of Hawaiian ancestry who were dispossessed or displaced from their homes at Kalapana as a result of the volcanic eruptions on the island of Hawaii. The Act also authorized the department of land and natural resources to subdivide and provide for the creation of a residential subdivision in the Kikala-Keokea homestead area for persons who receive long-term leases from the department of land and natural resources.

The purpose of this Act is to provide funds for the development of infrastructure at Kikala-Keokea by amending Act 242, Session Laws of Hawaii 1991.

SECTION 2. Act 242, Session Laws of Hawaii 1991, is amended by amending sections 1 through 4 to read as follows:

"SECTION 1. The purpose of this Act is to provide [low-interest loans to the residents and citizens of Hawaii who have suffered the loss of their homes and lands to the devastating effects of the continued volcanic eruptions on the island of Hawaii. Under current law, chapters 127, 171, and 209, Hawaii Revised Statutes, some of Kilauea lava flow victims do not qualify for existing disaster recovery loans. Some Kilauea lava flow residents and citizens do not have sufficient income to qualify for loan assistance to purchase replacement land and build a home. These residents and citizens may be in need of a one-time public relief program with specific requirements for the repayment of low-interest loans to assist in rebuilding their homes in an area of lesser volcanic risk.] funds for the development of infrastructure at Kikala-Keokea.

SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $1,750,000[,] or so much thereof as may be necessary for fiscal year 1991-1992[,] to [provide low-interest land acquisition, home construction, and mortgage loans of up to $35,000 each to residents and citizens of Hawaii] be paid into the infrastructure development fund created by this Act to benefit residents of Hawaiian ancestry who have been dispossessed of their homes and lands at Kalapana as a result of the continued volcanic eruptions on the island of Hawaii which began on January 3, 1983[; provided that the rate of interest on loans pursuant to this Act shall not exceed three per cent per annum and interest earnings on loans made pursuant to this Act may be used for administrative and other expenses necessary for administering the loan program. Guidelines shall be established by the housing finance and development corporation with respect to loan terms and loan qualification criteria. Moneys appropriated for the purposes of this Act shall be deposited into the housing finance revolving fund; provided that upon fulfillment of the purposes of this Act, all unencumbered moneys shall lapse into the state general fund].

SECTION 3. [The housing finance and development corporation shall administer the loans for the purposes of this Act, and shall adopt rules pursuant to chapter 91 to carry out the purposes of this Act.] There is created an infrastructure development fund to be administered by the department of land and natural resources. The funds appropriated for the purposes of this Act shall be deposited into the infrastructure development fund from the unexpended and unencumbered balance still remaining in the housing finance revolving fund consisting of at least $1,750,000 plus accrued interest, loan payments, and program net earnings, as of July 1, 2001. The proceeds may be used for the necessary expenses in administering this Act; provided that upon fulfillment of the purposes of this Act, all unencumbered moneys shall lapse into the state general fund.

SECTION 4. The sum appropriated shall be expended by the [housing finance and development corporation] department of land and natural resources for the purposes of this Act[.]; provided that all funding commitments to complete the design and construction of infrastructure improvements shall be executed before any moneys can be disbursed."

SECTION 3. The funds appropriated under Act 242, Session Laws of Hawaii 1991, to the housing finance and development corporation, currently known as the housing and community development corporation of Hawaii, shall be deposited into the infrastructure development fund established by this Act that shall be administered by the department of land and natural resources.

SECTION 4. There is appropriated out of the infrastructure development fund the sum of $2,500,000 or so much thereof as may be necessary for fiscal year 2001-2002 to provide funds for infrastructure development to benefit residents of Hawaiian ancestry in the Kikala-Keokea homestead area of the island of Hawaii as provided in this Act.

The sum appropriated shall be expended by the department of land and natural resources for the purposes of this Act.

SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 6. This Act shall take effect on July 1, 2001.