Chapter 516 — Chapter 516

§516-43 Security for funds deposited. The Hawaii housing finance and development corporation, by resolution, may provide that all moneys deposited by it shall be secured by:

§516-44 REPEALED. L 2015, c 237, §39.

§516-45 General obligation bonds. The director of finance may, from time to time, issue general obligation bonds in such amounts as may be authorized by the legislature, for the purpose of acquisition by the Hawaii housing finance and development corporation of residential housel…

§516-5 Penalty. Any person who violates this chapter shall be fined not more than $5,000 nor less than $1,000 or imprisoned not more than one year, or both. [L 1967, c 307, §6; HRS §516-5; am L 2015, c 237, §37]

§516-51 Preliminary negotiation required. (a) Upon the filing of a petition by the number of lessees required by section 516-22 with the Hawaii housing finance and development corporation, the corporation shall request the lessor and the lessees or their designated agents to nego…

§§516-52 to 516-55 REPEALED. L 1980, c 107, §4.

§516-56 Eminent domain trial. The parties to the eminent domain action brought under this chapter shall be the corporation as plaintiff and the lessees and all other necessary parties as defendants. The corporation does not have the burden of proof in establishing the fair market…

§516-6 Administration of chapter. The Hawaii housing finance and development corporation shall administer this chapter. [L 1967, c 307, §7; HRS §516-6; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1997, c 350, §14; am L 2005, c 196, §26(b); am L 2006, c 180, §16]

PART III. RIGHTS OF LESSEES §516-61 Applicability. Except as otherwise expressly provided, this part applies to all leases of residential lots existing and in force on June 24, 1967, and to all leases of residential lots executed thereafter. Notwithstanding any term, condition, o…

§516-62 Discrimination. No person shall be denied the right to become a lessee of a residential lot, because of the person's race, religion, sex, ancestry, or a physical handicap. [L 1967, c 307, §35; HRS §516-62; am L 1976, c 159, §8; gen ch 1985]

§516-63 Free assignability. Except as otherwise provided in section 516-35 and restrictions placed in leases by state or county agencies, a lessee may assign the lessee's lease at any time without the approval or consent of the lessor, and the assignee shall have the same rights …

§516-64 Forfeiture. No forfeiture of the lessee's interest in a leasehold shall be declared by the lessor for the lessee's failure to pay the rent or otherwise to perform the lessee's obligations under the lease, unless the lessor has given written notification to the lessee of t…

§516-65 Extension. From time to time during the first twenty years of the term of any lease, the lessee shall have the right to extend the lease term to fifty-five years, commencing on the first day of the calendar month in which the lessee gives written notice thereof to the les…

§516-66 Lease rental. (a) In every case of an extension under section 516-65, the annual lease rental during the first thirty years shall not exceed an amount determined as follows: (b) The annual rent payable under subsection (a) for and during the remaining period of the extend…

§516-67 Zoning changes. A lessor, fee owner, or any legal or equitable owner applying for a change in zoning in any area shall notify all of the lessor's, fee owner's, or legal or equitable owner's lessees within three-fourths miles of the land proposed to be rezoned of the appli…

§516-68 Rights to self-organization; remedies. Lessees in a development tract shall have the right of self-organization and the right to form, join, or assist each other in forming associations for their mutual benefit or to select representatives of their choosing to engage in b…

§516-69 Sale of fee by lessor. No fee owner of any residential lot under lease shall sell the leased fee interest to the lot to any third party unless the fee owner has first given a written thirty-day notice to the lessee and the corporation of such intention. [L 1967, c 307, §4…

§516-7 Corporation's duties, generally. In addition to any other duty prescribed by law and in this chapter, the Hawaii housing finance and development corporation shall:

§516-70 Reversion of improvements. (a) This section applies to all leases of residential lands as defined by section 516-1. (b) At the termination of any lease, or at the expiration of the lease term, the lessee may, if not then in default under the terms of the lessee's lease, r…

§516-71 Residential lease; disclosure. (a) Except as otherwise provided for in this section, for any sale of a leasehold residential lot, no later than ten calendar days after the acceptance of the deposit, receipt, offer, and acceptance contract (DROA) or other similar contract,…

§516-8 Interested members, officers, or employees. No member of the Hawaii housing finance and development corporation or officer or employee administering this chapter shall acquire any interest, direct or indirect, in the ownership or development of any development tract other …

PART IV. JUDICIAL DECLARATION §516-81 REPEALED. L 1975, c 184, §2(20).

§516-9 Quitclaim deeds. Unless otherwise provided by law, the corporation shall issue quitclaim deeds and leases whenever it conveys, transfers, sells, or assigns any property developed, constructed, or sponsored under this chapter. In no instance shall the corporation be conside…

PART V. FEE TITLE ACQUISITION LOAN PROGRAM §516-91 Definitions. The following words or terms as used in this part shall have the following meanings unless a different meaning clearly appears from the context: "Eligible borrower" means any lessee, irrespective of race, creed, nati…

§516-95 Rules; eligible loans. (a) The corporation shall establish requirements for property financed by an eligible loan, and may consider, but not be limited to the location, age, condition, and other characteristics of the property. (b) The corporation shall establish restrict…