Informing the Legislature that on June 27, 2024, the Governor signed the following bill into law: SB3157 SD2 HD2 CD1 (ACT 114).

This bill allows the state of Hawaii to negotiate directly with private parties for public land leases involving commercial, industrial, and maritime uses, bypassing the traditional public auction process. By streamlining the leasing procedure, the legislation aims to reduce vacancies and generate a steady income stream for the state. The act permits lease terms of up to thirty-five years, with longer durations allowed for aquaculture and maritime operations, provided that at least two public hearings are held before approval.