Relating To Coastal Zone Management.
The Act is expected to significantly impact existing coastal management laws by prohibiting the construction or repair of hardening structures like seawalls that restrict the natural movement of shorelines. This reflects a shift towards a more managed retreat strategy, which aims to relocate vulnerable properties and provide a systematic process for acquiring lands affected by erosion. Additionally, the bill increases the conveyance tax on high-value oceanfront properties, redirecting those funds into the beach preservation fund. This financial mechanism aims to ensure ongoing investment in coastal preservation efforts over time.
House Bill 1373, relating to coastal zone management, aims to address the issues of beach preservation in Hawaii in light of increasing sea levels and shoreline erosion risks. The bill establishes the Hawaii beach preservation revolving fund, which is intended to provide financial resources for coastal management initiatives. It also creates a low-interest contingent mortgage financing pilot program designed to encourage shoreline property owners to relocate away from expected hazard zones due to sea level rise. This initiative is aimed at safeguarding both private properties and public access to Hawaii's beaches, which are critical not only for the local economy but also for environmental preservation and public safety.
Notable points of contention around HB 1373 include concerns regarding the financial feasibility of the relocation program for affected property owners and the potential impacts on communities reliant on beachfront access for tourism and livelihoods. Stakeholders may debate the balance between preserving natural resources and the economic realities for individuals and businesses facing displacement. The prohibition of shoreline hardening structures may also spark discussions about property rights and the responsibilities of private owners versus the state in managing coastal resources.