STAND. COM. REP. NO. 1196

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1164

       H.D. 1

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1164, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO PUBLIC LANDS,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to allow the Department of Land and Natural Resources to consider the exchange of Sand Island parcels to leaseholders, and require the department to report its findings and recommendations to the Legislature.

 

     Your Committee received written comments in opposition to this measure from William J. Aila, Jr., Chairperson, Department of Land and Natural Resources; and the Office of Hawaiian Affairs.

 

     Your Committee finds that tenants of the Sand Island Industrial Park have expressed a strong desire to acquire the fee interest in their leasehold lots because they have invested substantial amounts to improve the lots and, as the lease approaches expiration, their ability to finance further improvements is diminishing.  The Department of Land and Natural Resources, however, relies on the lease revenue to support the operations of public lands programs including, in particular, the special land and development fund.  This measure will allow the department to consider the exchange of parcels to leaseholders by evaluating factors including the present and future value and income generating capacity of a leased parcel and the parcel proposed for exchange.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1164, H.D. 1, S.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

____________________________

DAVID Y. IGE, Chair