Ka Wai Ola - Office of Hawaiian Affairs, Volume 16, Number 7, 1 Iulai 1999 — BOARD BUSINESS [ARTICLE]

BOARD BUSINESS

After the executive session held during its June 10 meeting in Lihue. the Board of Trustees of the Office of Hawaiian Affairs voted to defer the action items on its agenda to its meetings on June 17 and 25. At the June 17 meeting. the trustees unanimously approved a motion to support. with amendments, S. 225, u federal bill whieh would offer Hawaiians $40 million in housing funds annually for five years, and to work w ith the Department of Hawaiian Home Lands to broaden the beneficiary class in a mutually acceptable terms. The trustees also unanimously appropriated $456,51 1

for the first two phases of a national education and media campaign to address the issues raised in Rice vs. Cayetano. On June 22, advanced from the original stated date of June 25, the board selected the firm of Morgan Stanley Dean Witter to provide financial investment services subject to successful negotiation of the fee and services arrangement. At its meeting of June 24. the board approved an authorization of $4,604,259 in the "Trust Fund Only" portion of OHA's base operating budget for fiscal year 1999 - 2000. ■