HRS §171-92
Extending or replacing leases after natural disasters
If you have a lease on public land that was damaged by a natural disaster, and rebuilding is allowed, the state land board can extend your lease so rebuilding makes sense. They can also cancel the old lease and make a new one with you, if you and your lender agree.
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The statute, as written — Existing public leases
Where a person has an unexpired lease, including a residential lease, of public land damaged by a natural disaster and rebuilding on such land is not prohibited, the board of land and natural resources may negotiate an extension of the lease to make it economically feasible to rebuild, or may, by mutual agreement with the lessee and the holder of record having security interest, cancel the unexpired term of the lease and negotiate a new lease with the person.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.