Report Title:

Hawaii Hurricane Relief Fund; Hazard Mitigation Grants

 

Description:

Requires HHRF to develop and implement a two-year pilot program to provide grants to residential property owners for installation of HHRF-approved wind damage mitigation devices that lessen the probability of property loss from strong winds. Appropriates funds. (HB1156 HD2)

 

HOUSE OF REPRESENTATIVES

H.B. NO.

1156

TWENTY-FIRST LEGISLATURE, 2001

H.D. 2

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO THE HAWAII HURRICANE RELIEF FUND.

 

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

SECTION 1. There is established a two-year pilot program, not subject to chapter 42F, 91, or 103D, Hawaii Revised Statutes, to provide grants to residential property owners for installation of Hawaii hurricane relief fund-approved wind damage mitigation devices that lessen the probability of property loss from strong winds. The Hawaii hurricane relief fund shall develop and implement the pilot program.

Grants provided by the pilot program shall be made available to current and former policyholders of the Hawaii hurricane relief fund to the extent of available funds. The Hawaii hurricane relief fund may spend up to $10,000,000 of investment revenue from the hurricane reserve trust fund over two years for the pilot program, which shall include the costs of administering and advertising the pilot program.

Grants shall be awarded on a dollar-for-dollar matching funds basis, up to a maximum $3,500 per insured location. Any costs of property inspection required by the pilot program may be made payable by the property owner and may be used to meet the matching funds amounts.

The Hawaii hurricane relief fund shall submit a report on that status of the pilot program to the legislature at least twenty days prior to the convening of the regular session of 2002.

SECTION 2. There is appropriated out of the hurricane reserve trust fund the sum of $5,000,000 or so much thereof as may be necessary for fiscal year 2001-2002 and $5,000,000 or so much thereof as may be necessary for fiscal year 2002-2003 to develop and implement the pilot program established in this Act

The sums appropriated shall be expended by the Hawaii hurricane relief fund for the purposes of this Act.

SECTION 3. This Act shall take effect on July 1, 2001, and shall be repealed on July 1, 2003.