Ka Wai Ola - Office of Hawaiian Affairs, Volume 17, Number 9, 1 September 2000 — Board Business [ARTICLE]

Board Business

AT ITS meeting of Aug. 1, the Board of Tmstees of the Office of Hawaiian Affairs voted to appropriate $26,000 to remedy the situation outlined in a complaint filed by 'Hima Corporation. It deferred action on the dissolution of the Office of Hawaiian Affairs Education Foundation and the appointment of an Office of Hawaiian Affairs Education Council. The trastees also deferred action on a recommendation to develop and approve a Memorandum of Understanding between the Office of Hawaiian Affairs and the OHA Education Council. The board approved on second reading Morgan Stanley Dean Witter's recommended changes to OHA's investment policy as submitted May 4. It deferred updates on the Master Plan and the Spending Plan. The board heard a report on the draft contract for its intemational money managers Lazard Asset Management and Simms Capital Management ine. Action was deferred on the appropriation of $314,000 in trust funds to the Hāna Community Health Center for operating expenses through June 30, the purchase of leased X-ray equipment and repayment of a loan. Legal fees for the firm of McCorriston, Miho, Miller and Mukai were approved in the amount of $125,000. After resolving into executive session to discuss several legal cases with its attorneys, the board voted to move to intervene in Arakaki vs. State, a case chaUenging the consitutionality of the requirement restricting tmstee positions to persons of Hawaiian ancestry. ■