HI HB576

Exempts transfers of Hawaiian Home Lands under the Hawaiian Homes Commission Act, 1920 from the transfer restrictions that normally apply to real property developed and sold under Hawaii Housing Finance and Development Corporation (HHFDC) housing programs

Hawaiian Home Lands leases will continue to be governed by the Hawaiian Homes Commission Act, including the 99-year lease term requirement, rather than HHFDC buyback and resale restrictions

Makes minor technical amendments to Section 201H-47, Hawaii Revised Statutes, including language clarifications replacing "prior to" with "before" and removing redundant words

Preserves the existing transfer restriction framework for HHFDC housing, including the 10-year buyback period, shared appreciation requirements, and first option to purchase provisions for non-Hawaiian Home Lands properties

Effective date set at July 1, 3000 (placeholder date), with a provision ensuring amendments are not repealed when Section 201H-47 is reenacted on June 30, 2028 pursuant to Act 92 of 2023