HI SB1190

Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to sell leasehold units in condominiums developed on state land to qualified residents, with lease terms up to ninety-nine years.

Allows the HHFDC to extend or modify the fixed rental period or extend the term of leases on these leasehold units.

Exempts state land set aside by the governor to the HHFDC and lands leased to the HHFDC by state departments or agencies for condominiums from the definition of "public land" under section 171-2.

Subjects the sale of leasehold units to sections 201H-47, 201H-49, and 201H-50, except for units sold at fair market value.

Takes effect on July 1, 2050.