Haw. Code R. § 10-3-65 - Payments

(a) The department shall pay to the appropriate recipient as specified in section 209 of the act or to the previous lessee, as the case may be, the appraisal value less:

(1) Any indebtedness to the department;

(2) Taxes;

(3) Any other indebtedness the payment of which has been assured by the department;

(4) Any costs incurred by the department for the upkeep and cleaning of the leased premises; and

(5) Any costs incurred by the department for the removal of any crops or improvements.

(b) Payments provided in subsection (a) shall be made out of the loan funds and shall be considered an advance therefrom, reimbursable out of payments by the transferee or new lessee to the tract involved.

(c) The department may make the payment only after a new lessee is found and upon commencement of the new lease.

Notes

Haw. Code R. § 10-3-65

[Eff 7/30/81; am 2/3/83; am and comp 10/26/98] (Auth: HHC Act §222) (Imp: HHC Act §209) Comp 12/23/2021