HB 499 - Senate Floor Amendment Summary

• Authorizes the board of land and natural resources to extend commercial, industrial, resort, mixed-use, or government leases for lessees who commit to substantial improvements to existing improvements.

• Excludes leases held by the department of Hawaiian home lands or the University of Hawaii from the extension authority.

• Applies only to leases that have not been sold or assigned within the last ten years.

• Redefines "government use" to mean development under leases held by State or political subdivision agencies, excluding the department of Hawaiian home lands and the University of Hawaii system.