Hawaii SB2745 modifies lease negotiations for non-agricultural park lands, focusing on agricultural use and lease extensions.

Hawaii SB2745 amends lease negotiation rules for non-agricultural park lands, limiting eligibility to those zoned for agricultural purposes or set aside by the governor. It mandates appraisals using national standards and allows lease extensions for terms shorter than fifteen years, up to thirty years, if the land is under twenty-five acres. The bill also requires a premium payment of 25% of annual rent for up to four years and recovery of conversion costs from lessees.

Hawaii SB2745 modifies lease negotiations for non-agricultural park lands, focusing on agricultural use and lease extensions.

Hawaii SB2745 amends lease negotiation rules for non-agricultural park lands, limiting eligibility to those zoned for agricultural purposes or set aside by the governor. It mandates appraisals using national standards and allows lease extensions for terms shorter than fifteen years, up to thirty years, if the land is under twenty-five acres. The bill also requires a premium payment of 25% of annual rent for up to four years and recovery of conversion costs from lessees.