Ka Wai Ola - Office of Hawaiian Affairs, Volume 9, Number 3, 1 March 1992 — Crozier intoduces biil for land entitlement [ARTICLE]

Crozier intoduces biil for land entitlement

Sen. Mike Crozier has introduced a bill that proposes a formula by whieh the Office of Hawaiian Affairs will receive ceded land entitlements from the Housing Finance and Development Corporation. The bill is a product of the special interim joint committee of the House and Senate authorized by the legislature last year. The committee reviewed the Governor's Action Plan that discusses controversies under the Hawaiian Home Lands Trust and Public Land Trust. Crozier said that an HFDC master planned community at Kealakehe on the Big Island and a 1,000 acre project on Lahaina, Maui are being stalled because a fair market return has not been determined. "This bill sets the parameters and procedures for monies OHA will receive from lands HFDC uses for master planned communities and eommercial developments," Crozier said. According to the bill, OHA will receive 20 percent of the value of the highest use of the land. Another entitlement is for the Hawaiian Home Lands whieh receives 30 percent of the value of the land formerly under sugar cultivation. The bill guarantees that OHA and HHL will continue to share in the entitlements of the properties used for commercial ventures by the Housing Finance and Development Corporation.