SB 722: RELATING TO PROPERTY FORFEITURE.

Restricts civil asset forfeiture to cases involving the commission of a felony offense where the property owner has been convicted of an underlying felony offense.  Directs forfeiture proceeds to the general fund.  Amends the allowable expenses for moneys in the Criminal Forfeiture Fund.  Requires the Attorney General to adopt rules necessary to carry out the purpose of the Hawaii Omnibus Criminal Forfeiture Act.  Amends the deadline for the Attorney General to report to the Legislature on the use of the Hawaii Omnibus Criminal Forfeiture Act.  Limits the transfer of certain forfeiture property to federal agencies.  Establishes records requirements.