STAND. COM. REP. NO. 3785

Honolulu, Hawaii

RE: H.B. No. 2467

H.D. 1

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2467, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO RENT CREDITS FOR DEMOLITION AND INFRASTRUCTURE COSTS ON PUBLIC LAND LEASES,"

begs leave to report as follows:

The purpose and intent of this measure is to repeal the sunset date of Act 222, Session Laws of Hawaii 2021, which will have the effect of permanently authorizing the Board of Land and Natural Resources to approve rent credits for demolition and infrastructure costs for public land leases.

Your Committee received written comments in support of this measure from the Department of Land and Natural Resources.

Your Committee recognizes that Act 222, Session Laws of Hawaii 2021, authorizes the Board of Land and Natural Resources to approve rent credits to encourage lessees on public lands to conduct demolition work or improve infrastructure. Your Committee also recognizes that Act 222 is scheduled to be repealed on June 30, 2026. Your Committee finds it appropriate make Act 222 permanent, so that the Board of Land and Natural Resources may continue to negotiate long-term leases and provide incentives for investments.

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. 2467, 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,

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DONOVAN M. DELA CRUZ, Chair