Establishes a trust fund for Maui wildfire settlement claims, allocating state funds and contributions from other entities.
The bill establishes the Maui wildfires settlement trust fund to manage compensation for those affected by the Maui wildfires. Contributions from the State of Hawaii, the county of Maui, the Hawaiian Electric Company, the Kamehameha Schools, Charter Communications/Spectrum, Hawaiian Telcom, and the West Maui Land Company total $4.037 billion. The State's contribution is $807.5 million, paid over four years. The fund will compensate individuals for property damage, personal injury, wrongful death, emotional distress, and economic loss.
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