Hawaii HB295 amends the Hawaiian Homes Commission Act to modify lease terms for Hawaiian Home Lands.

Hawaii HB295 amends the Hawaiian Homes Commission Act to revise lease terms for Hawaiian Home Lands. It allows lessees to occupy and cultivate tracts for residential, agricultural, or pastoral purposes. The bill permits the lessee to mortgage or pledge their leasehold interest with federal agency or private mortgage insurance approval. It also allows the lessee to transfer their interest to qualified relatives with department approval. The lease term is ninety-nine years with a $1 annual rental fee. The lessee must occupy and use the tract as their home or farm within one year.

Hawaii HB295 amends the Hawaiian Homes Commission Act to modify lease terms for Hawaiian Home Lands.

Hawaii HB295 amends the Hawaiian Homes Commission Act to revise lease terms for Hawaiian Home Lands. It allows lessees to occupy and cultivate tracts for residential, agricultural, or pastoral purposes. The bill permits the lessee to mortgage or pledge their leasehold interest with federal agency or private mortgage insurance approval. It also allows the lessee to transfer their interest to qualified relatives with department approval. The lease term is ninety-nine years with a $1 annual rental fee. The lessee must occupy and use the tract as their home or farm within one year.