Bill Text: HI HB544 | 2016 | Regular Session | Amended

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Bill Title: University of Hawaii; Cancer Center; Sale or Lease; Study

Spectrum: Moderate Partisan Bill (Democrat 6-1)

Status: (Engrossed - Dead) 2015-12-17 - Carried over to 2016 Regular Session. [HB544 Detail]

Download: Hawaii-2016-HB544-Amended.html

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HOUSE OF REPRESENTATIVES	H.B. NO.	544
TWENTY-EIGHTH LEGISLATURE, 2015		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

 

 

RELATING TO THE UNIVERSITY OF HAWAII CANCER CENTER.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  (a)  The board of regents of the University of Hawaii shall study the feasibility of selling or leasing the land or physical structure that houses the University of Hawaii Cancer Center.

     (b)  The board of regents shall consider the following factors in its study:

     (1)  Potential buyer;

     (2)  Mode of offer;

     (3)  The alternatives of leasing or selling the underlying land;

     (4)  The alternatives of leasing or selling the physical structure, or leasing only a portion of the physical structure;

     (5)  Ground rent renegotiation scenarios;

     (6)  Assumption of repair and maintenance costs by the lessee;

     (7)  Lease-back rental amounts; and

     (8)  Projected revenue gain, if any, by the University of Hawaii.

     SECTION 2.  The board of regents of the University of Hawaii shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature not later than twenty days prior to the convening of the regular session of 2016.

     SECTION 3.  This Act shall take effect on July 1, 2050.

 

 

 

Report Title:

University of Hawaii; Cancer Center; Sale or Lease; Study

 

Description:

Requires the University of Hawaii board of regents to study the feasibility of selling or leasing the building that houses the University of Hawaii Cancer Center, or leasing or selling the underlying land.  Effective 7/1/2050.  (SD1)

 

 

 

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