HRS §206E-293
Selling leasehold condos on state land
The authority can sell leasehold condominium units on state land to qualified residents. Leases can last up to 99 years, and the authority can change the rent period or extend the lease. This adds to the authority's other legal powers without limiting them.
homebuyersstate agencies
The statute, as written — Leasehold condominiums on state lands
(a) The authority may sell leasehold units in condominiums organized pursuant to chapter 514B and developed under this part on state land to a qualified resident as defined in section 201H-32. (b) The term of the lease may be for ninety-nine years, and the authority may extend or modify the fixed rental period of the lease or extend the term of the lease. (c) The powers conferred upon the authority by this section shall be in addition and supplemental to the powers conferred by any other law, and nothing in this section shall be construed as limiting any powers, rights, privileges, or immunities so conferred.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.