HI HB2264

Removes the five-year mandatory holding period for real estate (other than leasehold interests) acquired by the Employees' Retirement System through foreclosure, enforcement of security, or debt satisfaction.

Removes the one-year mandatory holding period for leasehold interests acquired by the system through the same means.

Authorizes the board to retain or dispose of acquired real estate in the same manner as other real property investments authorized under Hawaii Revised Statutes section 88-119.

Provides the board greater flexibility in managing real estate holdings without requiring governor approval for extension periods.