Land Preservation Fund
Statement of Purpose
Hui `Aina o Hana has established a restricted fund, called the Land Preservation Fund. This fund will be used to protect sensitive or threatened resource lands on an emergency or opportunity basis. The goal is to have the purchasing power to compete with development interest to acquire or otherwise secure resource lands -- biological, agricultural, scenic or historic -- which contribute to the natural diversity and cultural enrichment of Hawai`i.
Lands That Qualify
- Ecologically sensitive land threatened by development
- Historic and/or cultural, scenic or agricultural land threatened by conversion to other uses
- Buffer zones around developed communities, resource production areas, and wild lands needed to reduce land use conflicts, preserve community identity and insure the viability of the resource being protected. (The long term protection of resources such as cultural and historic landscapes, wetlands, agricultural areas, riparian forest, and certain wildlife habitat require buffer areas that extend beyond the highest quality resource lands.)
Administration of the Fund
- The restricted Land Preservation Fund is a revolving fund which will be used for the purchase of land and resource-conserving easements, and activities directly related thereto.
- Land acquisition priority is directly related to long-term resource value, degree of threat and availability.
- Expenditures directly related to each project transaction under provisions of the Land Preservation Fund shall be covered including cost of fee or easements, options, planning, mapping field studies, surveys, appraisals, legal services, management plans, debt service, interim permanent operating and maintenance cost, and actual staff time of Hui `Aina personnel involved.
- Interest income eared from the Land Preservation Fund may be used, as needed, for Hui `Aina operating expenses.
- Separate accounting shall be made of Land Preservation Fund assets.
- Annual review of the Fund with an audit, as needed, at the direction of the Board of Governors.
Ho`iho`i mai
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