OHA trustees approve Malu Project framework, authorize up to $4M to start implementation
The Office of Hawaiian Affairs board approved the Malu Project framework for managing $55,000,000 transferred under Act 32, authorizing up to $4,000,000 for initial implementation and adopting a funding approach that combines a 3% draw with proposed PLT supplements.
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The Office of Hawaiian Affairs Board of Trustees voted unanimously on Oct. 26 to approve the Malu Project framework and its recommended funding approach for $55,000,000 transferred under Act 32, authorizing up to $4,000,000 for initial implementation.
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