REPORT TITLE:
Public Land Leases


DESCRIPTION:
Enables DLNR to extend or issue new leases to lessees of public
lands.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           745
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO EXTENSION AND ISSUANCE OF NEW LEASES OF PUBLIC LANDS. 


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The legislature finds that the present
 
 2 prohibition on options for renewal of lease terms of public lands
 
 3 adversely impacts the economic sustainability and reinvestment
 
 4 needs of businesses seeking financing and economic expansion.  
 
 5      The purpose of this Act is to provide authority for the
 
 6 board of land and natural resources to extend or issue new leases
 
 7 to lessees of public lands.
 
 8      SECTION 2.  Chapter 171, Hawaii Revised Statutes, is amended
 
 9 by adding a new section to be appropriately designated and to
 
10 read as follows:
 
11      "171-      Lease restrictions; generally.  Lease extensions
 
12 or the issuance of new leases of not more than fifty-five years
 
13 shall be granted by the department to lessee applicants seeking
 
14 financing or capital expansion; provided that any lease granted
 
15 under this section shall be subject to negotiation by the
 
16 department and approval by the board."
 
17      SECTION 3.  New statutory material is underscored.
 
18      SECTION 4.  This Act shall take effect upon its approval.
 
19 
 
20                           INTRODUCED BY:  _______________________