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HI SB2020

Bill

Official Source

Status

Vetoed

7/6/2010

Primary Sponsor

Rosalyn Baker

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Extends the repeal date of Act 189, Session Laws of Hawaii 2009 to June 30, 2013, to continue clarifying provisions in long-term commercial and industrial ground leases within urban districts.

  • Act 189 addresses burdensome or vague lease provisions without substantially reducing economic benefits to landowners, impairing lease contracts, or taking property rights without due process.

  • Aims to stabilize Hawaii's economy by removing barriers to free and fair rent negotiations between lessees and lessors of commercial and industrial properties.

  • Effective date set to June 29, 2010.

Legislative Description

Real Property; Leasehold; Lease Rent Renegotiation

Last Action

(S) Vetoed on 07-06-10 - Returned from the Governor without approval (Gov. Msg. No. 667).

7/6/2010

Committee Referrals

Commerce and Consumer Protection1/20/2010

Full Bill Text

No bill text available