Hawai`i Legislature Planning To Kill The BillAccording to reliable sources, the House is planning on killing the OHA audit bill, SCR138 SD1. It's imperative to submit testimony in support of this bill now!Legislators to focus on are House Speaker Calvin Say, Representative Ken Ito, and Representative Jon Riki Karamatsu.Here's Their Email Addresses -repito@Capitol.hawaii.govtestimony@capitol.hawaii.govsenbaker@Capitol.hawaii.govsentsutsui@Capitol.hawaii.govrepkaramatsu@Capitol.hawaii.govrepsay@Capitol.hawaii.govYour testimony sent now will send a clear message that a hearing needs to be scheduled.Please Do It Today!Say "YES!" To An Audit Of The Office Of Hawaiian Affairs!
I presented verbal testimony on the hearing of this resolution last week.
I stressed that the statutory requirement mandating an audit every 4 years was grossly insufficient - as lots of mischief can take place at much shorter time intervals - as it seems to appear at present - and that it is possible that irreparable damage may result.
I was extremely disappointed that OHA's trustees opposed the resolution - wondering what they had to hide.
I also stressed that the trustees have "fiduciary responsibilities and obligations" to their beneficiaries and that whenever (between mandated audits) a number of beneficiaries (as is happening now) request an audit - that it happens. I requested an audit as a beneficiary.
I also suggested that OHA's recent use of LLCs (limited liability corporations) that seemed to convert "trust" assets into "private" assets - out of sight and oversight of its beneficiaries, the public and the legislature - and seemingly beyond any "trustee" responsibilities and obligations and placed in the hands of "private" individuals might be a serious mischief.
(By the way - there are some who are trying to obtain the originating documents for the LLCs and taking a magnifying glass to what is happening - with the possibility that OHA's trustees have breached their responsibilities and obligations. There may be sufficient grounds for a very successful litigation to restore these "trust" assets to the "trust," for the benefit of OHA's rightful beneficiaries.)
Comments
I can see a huge lawsuit in the works.
What about recalling and replacing them? Has anyone looked into that yet?
I stressed that the statutory requirement mandating an audit every 4 years was grossly insufficient - as lots of mischief can take place at much shorter time intervals - as it seems to appear at present - and that it is possible that irreparable damage may result.
I was extremely disappointed that OHA's trustees opposed the resolution - wondering what they had to hide.
I also stressed that the trustees have "fiduciary responsibilities and obligations" to their beneficiaries and that whenever (between mandated audits) a number of beneficiaries (as is happening now) request an audit - that it happens. I requested an audit as a beneficiary.
I also suggested that OHA's recent use of LLCs (limited liability corporations) that seemed to convert "trust" assets into "private" assets - out of sight and oversight of its beneficiaries, the public and the legislature - and seemingly beyond any "trustee" responsibilities and obligations and placed in the hands of "private" individuals might be a serious mischief.
(By the way - there are some who are trying to obtain the originating documents for the LLCs and taking a magnifying glass to what is happening - with the possibility that OHA's trustees have breached their responsibilities and obligations. There may be sufficient grounds for a very successful litigation to restore these "trust" assets to the "trust," for the benefit of OHA's rightful beneficiaries.)