Hawaii SB2750 increases lease terms and requires market rate for public land leases.

Hawaii SB2750 increases the maximum term for leases of public lands to ninety-nine years and prohibits commercial leases and government use agreements at rates below market rate. Exceptions include Hawaiian home lands, state agricultural leases, and certain housing developments. The bill aims to generate revenue for the state to invest in housing, renewable energy, and infrastructure. The changes do not affect existing leases or agreements.

Hawaii SB2750 increases lease terms and requires market rate for public land leases.

Hawaii SB2750 increases the maximum term for leases of public lands to ninety-nine years and prohibits commercial leases and government use agreements at rates below market rate. Exceptions include Hawaiian home lands, state agricultural leases, and certain housing developments. The bill aims to generate revenue for the state to invest in housing, renewable energy, and infrastructure. The changes do not affect existing leases or agreements.