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HI SB1286

Bill

Official Source

Status

Engrossed

3/7/2023

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2024 Regular Session

AI Summary

  • Increases the maximum lease term for Hawaii Community Development Authority (HCDA) real property from 65 years to 99 years to support affordable housing development.

  • Restricts leases of lands classified as crown or government lands prior to August 15, 1895 to a maximum term of 65 years.

  • Allows the HCDA to adopt rules under chapter 91 relating to sales by unit purchasers in residential leasehold projects.

  • Extends the 99-year lease authority to the stadium development district.

  • Takes effect on July 1, 2050.

Legislative Description

Relating To The Hawaii Community Development Authority.

Pilot Program

Last Action

Received notice of discharge of all conferees (Hse. Com. No. 457).

3/25/2024

Committee Referrals

Finance3/24/2023
Judiciary & Hawaiian Affairs3/16/2023
Water & Land3/9/2023
Ways and Means2/16/2023
Housing1/30/2023

Full Bill Text

No bill text available