Tax Foundation of Hawaii: OHA’s LLCs: The noose is tightening

Our Office of Hawaiian Affairs (OHA) formed some limited liability companies (LLCs) a while ago and dropped significant assets into them, including some 1,875 acres in Waimea Valley on Oahu that were conveyed to Hiipaka LLC in 2007. The LLCs’ governing documents all say that they are to be managed by individuals holding specified administrative positions at OHA, specifically the CEO, COO, and CFO.