Bill Text: HI HB817 | 2019 | Regular Session | Introduced
Bill Title: Relating To Leasehold Condominiums On Lands Controlled By The State.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2019-02-04 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Quinlan, Say, Thielen, Tokioka excused (4). [HB817 Detail]
Download: Hawaii-2019-HB817-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
817 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to leasehold condominiums on lands controlled by the state.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 201H, Hawaii Revised Statutes, is amended by adding to part II a new section to be appropriately designated and to read as follows:
"§201H- Leasehold
condominiums on state land. (a) The corporation may sell leasehold units in
condominiums created pursuant to chapter 541B and developed under this part on
state land to a qualified resident as defined in section 201H-32.
(b) The term of the lease may be for ninety-nine
years, and the corporation may extend or modify the fixed rental period of the
lease or extend the term of the lease.
(c)
The sale of leasehold units shall be subject to all the provisions of
sections 201H-47, 201H-49, and 201H-50, except for units sold at fair market
value.
(d) State land set aside by the governor to the
corporation and lands leased to the corporation by any department or agency of
the State for a condominium described in this section shall be exempt from the
definition of public lands under section 171-2.
(e) The powers conferred upon the corporation by this section shall be in addition and supplemental to the powers conferred by any other law, and nothing in this section shall be construed as limiting any powers, rights, privileges, or immunities so conferred."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Leases; Leasehold Condominiums; State Lands; HHFDC
Description:
Authorizes Hawaii Housing Finance and Development Corporation to enter into ninety-nine year leases of units in residential condominiums located on state lands.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
