Bill Text: HI SB337 | 2024 | Regular Session | Introduced
Bill Title: Relating To Hawaii Community Development Authority.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced) 2023-12-11 - Carried over to 2024 Regular Session. [SB337 Detail]
Download: Hawaii-2024-SB337-Introduced.html
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THE SENATE |
S.B. NO. |
337 |
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THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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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 Statutory material to be repealed is bracketed and stricken.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.
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INTRODUCED BY: |
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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.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
