HONOLULU (AP) – Two Legislative committees will begin looking into a proposed $200 million real estate deal that will settle the Office of Hawaiian Affairs ceded lands claims with the state.
In November, Gov. Neil Abercrombie and OHA announced they had reached a tentative settlement agreement on all claims through July 1, 2012.
The agreement would give OHA land in Kakaako, near the waterfront park. In exchange, OHA will wave all ceded land claims from 1978 through June.
Ceded lands, once owned by the Hawaiian monarchy, are now held in trust by the state for the benefit of Native Hawaiians and the general public.
OHA’s current share of ceded lands receipts is about $15.1 million a year.
Lawmakers must approve the deal.
Coming up on the KHON2 News at 6, why some lawmakers say OHA isn’t getting the best deal, and what Governor Abercrombie has to say about the deal.
See the original article at: KHON2 Developing Stories
