HomeMy WebLinkAboutCA-15 Land Fund Draft 3CHARTER AMENDMENT NO.
BE IT ENACTED BY THE PEOPLE OF THE COUNTY OF HAWAI‘I:
Section 1. Article X, Hawai‘i County Charter, is amended to add a new section to read as
follows with added language underscored and deleted language bracketed and stricken
through:
“Section 10-__. Public Access, Open Space, and Natural Resources Preservation
Fund.
(a) In adopting each fiscal year’s budget and capital program, the council shall
appropriate a minimum of [one half of one percent (.5%)] one percent of the
certified real property tax revenues, including penalty and interest, to a fund
known as the public access, open space, and natural resources preservation fund.
Deposits to the fund will occur at a minimum of twice a year but directly after the
majority of the taxes have been collected.
(b) Funding shall consist of a minimum of [one half of one percent (.5%)] one
percent of actual revenue received in the fiscal year. [Additional revenue may
consist of grants and private contributions intended for the purpose of this section;
voluntary contributions of any amount as specified on the real property tax bill;
and any other source of revenue.] Additional revenue may consist of grants and
private contributions intended for the purpose of this section, proceeds from the
sale of general obligation bonds authorized and issued for the purpose of this
section, council appropriations for the purpose of this section, and grants and
private contributions intended for the purpose of this section, and any other source
of revenue.
(c) Monies in this fund shall be used solely to: 1) Purchase or otherwise acquire lands
or property entitlements in the County of Hawai‘i for public outdoor recreation
and education, including access to beaches and mountains; preservation of
historic or culturally important land areas and sites; protection of natural
resources, significant habitat or eco-systems, including buffer zones; preservation
of forests, beaches, coastal areas, natural beauty and agricultural lands; and
protection of watershed lands to preserve water quality and water supply. 2) Pay
the principal, interest and premium, if any, due with respect to bonds issued in
whole for the purpose of this fund.
(d) Any balance remaining in the fund at the end of any fiscal year shall not lapse, but
shall remain in the fund accumulating interest from year to year. The moneys in
this fund shall not be used for any purpose except those listed in this section.
(e) The [Council] council shall by ordinance establish procedures for the
administration and expenditure of moneys in this fund.”
Section 2. This amendment shall take effect on July 1, 2011.