SB2492 amends Hawaii Revised Statutes to allow the Board of Land and Natural Resources to sell, lease, and exchange public lands to governments.

SB2492 modifies the process for the disposition of public lands in Hawaii. The Board of Land and Natural Resources is authorized to sell, lease, and exchange public lands to governments, governmental agencies, public utilities, and renewable energy producers. The bill specifies that leases cannot exceed sixty-five years and that the sale price or lease rental for public utilities must be at least the value determined by section 171-17(b).

SB2492 amends Hawaii Revised Statutes to allow the Board of Land and Natural Resources to sell, lease, and exchange public lands to governments.

SB2492 modifies the process for the disposition of public lands in Hawaii. The Board of Land and Natural Resources is authorized to sell, lease, and exchange public lands to governments, governmental agencies, public utilities, and renewable energy producers. The bill specifies that leases cannot exceed sixty-five years and that the sale price or lease rental for public utilities must be at least the value determined by section 171-17(b).