Ka Wai Ola - Office of Hawaiian Affairs, Volume 37, Number 1, 1 January 2020 — SPENDING LIMIT [ARTICLE+ILLUSTRATION]

SPENDING LIMIT

(FY 2019 Budget, approved June 7, 2017, and revised per FY 2019 Budget Realignment #1, approved May 2, 2019)

$2,501,895 SPECIAL PROGRAMS lncludes grants, federal funding for specific projects (including the Hōlawa Luluku lnterpretive Development Project and the Native Hawaiian Revolving Loan Fund Program), and other miscellaneous ineome. $3,037,879 STATE OF HAWAI'I GENERAL FUNDS General Fund appropriations by the State Legislature. $15,100,000 PUBLIC LAND TRUST REVENUE By State law OHA is entitled to 20 percent of receipts from the use or sale of the Public Land Trust. Since 2006, the Legislature has authorized an interim amount of $15.1 million per year (3.8% of receipts).

$17,448,120 5% OF THE NHTF PORTFOLIO The Native Hawaiian Trust Fund includes OHA's investment portfolio. Spending limit is calculated at 5% of a 20-quarter rolling average market value to ensure resources are available for future spending. $17,764,075 PROPERTY Revenue from OHA's commercial property, and legacy and programmatic lands.