HRS §171-50.2
Swapping public land for private land in lease-to-fee conversions
The state can trade public land for private land that is being taken for lease-to-fee conversion. The housing agency must ask for the trade, and the legislature must approve it. The private land the state gets must be sold under the same law, and conservation land cannot be traded.
developerslandownersstate agencies
The statute, as written — Exchanges for conversion of leasehold lands to fee simple ownership
The board may exchange public lands for private lands to be condemned or involuntarily sold pursuant to chapter 516. An exchange shall be requested by the executive director of the Hawaii housing finance and development corporation and shall be effected in conformity with section 171-50; provided that an exchange shall be subject to legislative approval; provided further that the private lands conveyed to the State shall be disposed of pursuant to chapter 516; and provided further that lands exchanged need not be of like-kind or comparable use; provided further that no lands classified as conservation shall be exchanged for private lands.
Sections this one refers to
§171-50 Rules for trading public land for private land
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.