Hawaii SB427 amends lease terms for public lands to ensure lessees meet financial and legal obligations.

Hawaii SB427 modifies lease terms for public lands to ensure lessees meet financial and legal obligations. The bill prohibits renewal options, limits lease terms to 65 years, and reserves mineral and water rights for the State. It also mandates that lessees be in good standing with the State, including paying all owed moneys and avoiding criminal activity. The bill allows the State to terminate leases for noncompliance and requires the board to review and approve subleases and lease assignments.

Hawaii SB427 amends lease terms for public lands to ensure lessees meet financial and legal obligations.

Hawaii SB427 modifies lease terms for public lands to ensure lessees meet financial and legal obligations. The bill prohibits renewal options, limits lease terms to 65 years, and reserves mineral and water rights for the State. It also mandates that lessees be in good standing with the State, including paying all owed moneys and avoiding criminal activity. The bill allows the State to terminate leases for noncompliance and requires the board to review and approve subleases and lease assignments.