THE SENATE

S.B. NO.

905

THIRTIETH LEGISLATURE, 2019

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to public land leases.

 

 

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

 


SECTION 1. Chapter 171, Hawaii Revised Statutes, is amended by adding a new section to part II, subpart D, to be appropriately designated and to read as follows:

"171-   Public lands master lease; reasonable compensation. Notwithstanding any other law to the contrary, any master lease for public land entered into pursuant to this chapter shall require the lessor to receive reasonable compensation, which shall be determined by appraisal."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

 

INTRODUCED BY:

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Report Title:

Master Lease; Public Lands; Reasonable Compensation

 

Description:

Requires the lessor of a master lease for public land to receive reasonable compensation.

 

 

 

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