HI SB1190

Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to sell leasehold units in condominiums developed on state land to qualified residents as defined in section 201H-32.

Permits lease terms of up to ninety-nine years, with authority to extend or modify the fixed rental period and extend the lease term.

Exempts state lands set aside or leased to HHFDC for condominiums from the definition of "public land" under section 171-2, but subjects leasehold unit sales to sections 201H-47, 201H-49, and 201H-50 except for units sold at fair market value.

Amends section 171-64.7 to subject HHFDC lands used for the condominiums described in the bill to legislative approval requirements for sales or gifts of public lands.

Effective date: July 1, 2050.