THE SENATE	S.B. NO.	337
THIRTY-SECOND LEGISLATURE, 2023
STATE OF HAWAII

A BILL FOR AN ACT

 

 

relating to hawaii community development authority.

 

 

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

 

     SECTION 1.  Section 206E-14, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

     "(a)  The authority may, without recourse to public auction, sell, or lease for a term not exceeding [sixty-five] ninety-nine years, except that leases for ceded lands shall have a term not exceeding sixty-five years, all or any portion of the real or personal property constituting a redevelopment project to any person, upon such terms and conditions as may be approved by the authority, if the authority finds that the sale or lease is in conformity with the community development plan.

     For the stadium development district, leases shall not exceed a term of ninety-nine years."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Hawaii Community Development Authority; Term Leases; Public Auction

 

Description:

Increases the term that the Hawaii Community Development Authority may lease certain property from sixty-five to ninety-nine years.  Retains terms for leases of ceded lands at sixty-five years.

 

 

 

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