HRS §516-29
Public notice required before selling or leasing residential lots
Before selling or leasing residential lots, the Hawaii Housing Finance and Development Corporation must give public notice in the county on at least two different days. The notice must describe the lots, prices, terms, and deadlines. This rule does not apply when selling the leased fee interest to the current lessee.
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The statute, as written — Notice of disposition
Except in case of a sale of the leased fee interest to the lessee of a residential lot under lease, no sale or lease of any residential lots shall be made by the Hawaii housing finance and development corporation unless it has given public notice on at least two different days in the county of its intent to sell or lease. The notice shall state, in general terms, the size, location, and prices or lease rentals of the lots to be sold or leased, the terms of the sale or lease, and the last date on which applications will be received by the corporation, which date shall not be less than thirty days after the first notice. The notice shall also state the times and places at which more detailed information with respect to the sale or lease may be secured by interested persons.
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