Establishes a climate mitigation and resiliency special fund to address climate change impacts in Hawaii.
The bill establishes the climate mitigation and resiliency special fund in the state treasury, administered by the Department of Defense. It appropriates $60,000,000 for fiscal years 2025-2026 and 2026-2027 to advance projects addressing climate change impacts. The fund will receive appropriations, fees, donations, interest from the emergency and budget reserve fund, a portion of transient accommodations tax revenues, and interest from the fund itself. The bill also dedicates interest earned on balances within the emergency and budget reserve fund to the new special fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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