Hawaii Revised Statutes
516. Residential Leaseholds
516-23 Exercise of power of eminent domain.

§516-23 Exercise of power of eminent domain. Within twelve months after the designation of all or part of the development tract for acquisition, the Hawaii housing finance and development corporation shall acquire through voluntary action of the parties, or institute eminent domain proceedings to acquire the leased fee interest in the tract or portion so designated; provided that negotiations for acquisition by voluntary transaction shall not be required before the institution of eminent domain proceedings. Except as otherwise provided in this part, the corporation shall exercise its power of eminent domain in the same manner as provided in chapter 101. If the development tract or applicable portion thereof, as the case may be, is not acquired or eminent domain proceedings are not instituted within the twelve-month period, the corporation shall reimburse the fee owner, the lessor, and the legal and equitable owners of the land so designated for actual out-of-pocket expenses of appraisal, survey, and attorney fees as the owner, the lessor, and the legal and equitable owners may have incurred as a result of the designation; provided that, if the development tract or an applicable portion thereof is not acquired or eminent domain proceedings are not instituted within the twelve-month period as a result of the lessee's dismissal, discontinuance, or withdrawal from the eminent domain proceedings or failure to purchase the leased fee interest condemned because of the lessee's inability, failure, or refusal to comply with any provision under chapter 516 or to purchase the leased fee interest condemned, then such lessee and not the corporation shall be solely responsible to reimburse the fee owner, the lessor, and the legal and equitable owners of the land so designated or condemned, for their respective prorated costs, as described above, which the fee owner, the lessor, and the legal and equitable owners may have incurred as a result of the designation and condemnation. [L 1967, c 307, §12; HRS §516-23; am L 1975, c 184, §2(7); am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1997, c 350, §14; am L 2001, c 38, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
Law Journals and Reviews
Hawaii's Land Reform Act: Is it Constitutional? 6 HBJ, no. 2, at 31 (1969).
Case Notes
Section requires the housing finance and development corporation to acquire and dispose of the leased fee interests in no less than that portion of the development tract represented by the statutory minimum number of applicants designated pursuant to §516-22. 82 H. 172, 921 P.2d 92 (1996).

Structure Hawaii Revised Statutes

Hawaii Revised Statutes

Title 28. Property

516. Residential Leaseholds

516-1 Definitions.

516-2 Applicability.

516-3 No estoppel or waiver.

516-4 Trusts and estates.

516-5 Penalty.

516-6 Administration of chapter.

516-7 Corporation's duties, generally.

516-8 Interested members, officers, or employees.

516-9 Quitclaim deeds.

516-21 Applicability.

516-22 Designation of leased fee interest in all or part of development tract for acquisition.

516-23 Exercise of power of eminent domain.

516-24 Compensation.

516-24.5 Exchanges.

516-25 Interest acquired.

516-26 Interest in compensation paid by the corporation.

516-27 Compulsory or involuntary conversion.

516-28 Disposition, generally.

516-29 Notice of disposition.

516-30 Purchase of leased fee interest.

516-31 Disposition by lease.

516-32 Not for profit.

516-33 Qualification for purchase.

516-33.5 Deposits by lessees.

516-34 Mortgages, agreements of sale, other instruments.

516-35 Restrictions on sale and use of residential lots.

516-35.1 Foreclosure and sale by mortgagees.

516-36 to 516-39 REPEALED.

516-40 Bonds as legal investments.

516-41 Exemption from taxation and assessments.

516-42 Investment of reserves.

516-43 Security for funds deposited.

516-44 REPEALED.

516-45 General obligation bonds.

516-51 Preliminary negotiation required.

516-52 to 516-55 REPEALED.

516-56 Eminent domain trial.

516-61 Applicability.

516-62 Discrimination.

516-63 Free assignability.

516-64 Forfeiture.

516-65 Extension.

516-66 Lease rental.

516-67 Zoning changes.

516-68 Rights to self-organization; remedies.

516-69 Sale of fee by lessor.

516-70 Reversion of improvements.

516-71 Residential lease; disclosure.

516-72 Civil penalty.

516-73 Suggested form of standardized summary of lease provisions.

516-81 REPEALED.

516-82 Severability.

516-83 Legislative findings and declaration of necessity; purpose.

516-91 Definitions.

516-95 Rules; eligible loans.

516-101 Revenue bonds; authorization.

516-102 Revenue bonds; payment and security.

516-103 Revenue bonds; interest rate, price, and sale.

516-104 Revenue bonds; investment of proceeds and redemption.

516-107 Trustee; designation, duties.

516-108 Trust indenture.

516-111 Revenue bonds; special funds.

516-121 Acquisition loan programs; procedures and requirements.

516-122 Acquisition loan programs; general powers.

516-123 Acquisition loan programs; self supporting.

516-124 Acquisition loan programs; fees.

516-125 Acquisition loan programs; evidence of eligible loan.

516-131 Loans to lenders program.

516-132 Loan to lenders program; collateral security.

516-141 Purchase of existing loans program.

516-151 Advance commitments program.

516-161 Eligible loan funding program.

516-171 Loans; service and custody.

516-172 Loans; sale, pledge, or assignment.

516-173 Loans; insurance and guarantees.

516-174 Loans; default.

516-181 Interest acquired.

516-182 Restrictions on sale and use of residential lots acquired from proceeds of eligible loan.

516-186 Construction.

516-201 Exemption for sustainable affordable developments.

516-202 Certification.

516-203 Recordkeeping.

516-204 University of Hawaii at Manoa.