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 to address climate change impacts in Hawaii. It dedicates interest earned from the emergency and budget reserve fund to this new fund. The fund will be used to advance projects that mitigate, adapt to, or increase resiliency against climate change. The Department of Defense will administer the fund, which will also receive appropriations, grants, donations, and a portion of the transient accommodations tax. The fund will be credited with interest earned from its own balances.
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