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Amends the membership and responsibilities of the Public Land Trust Working Group established under Act 226, SLH 2022. Requires the Working Group to submit the following to the Legislature: by 8/1/2027, a first interim report regarding Act 178, SLH 2006, financial reporting and accounting; by 12/1/2027, a second interim report regarding the public land trust inventory; by 6/1/2028, a third interim report that includes a preliminary draft of findings and recommendations regarding Act 178 financial reporting and accounting and the public land trust inventory; and by 10/1/2028, a final report that includes proposed legislation. By 12/31/2028, requires the Office of Hawaiian Affairs to submit certain findings and considerations to the Legislature. Requires the Office of Hawaiian Affairs to provide administrative support to the Working Group in coordination with a third-party consultant. Appropriates funds from the Carry-Forward Trust Holding Account to be transferred to the Office of Hawaiian Affairs to be expended solely for Native Hawaiian programs and services with critical, short-term funding needs in the areas of education, health, economic development, and community-based initiatives. Specifies that the transferred funds may not be used for planning, developing, or constructing residential or mixed-use projects or related infrastructure. (CD1)