Report Title:

Acquisitions under Chapter 173A.

Description:

Clarifies the appraisal process for state acquisitions of lands having value as a resource to the State.

THE SENATE	S.B. NO.	1476
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO ACQUISITIONS UNDER CHAPTER 173A.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  Chapter 173A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

     "§173A-  Appraisal of land. (a)  The appraisal of land to be acquired by the State under this chapter may be performed as follows:

(1) The board may review, approve, and accept an existing appraisal if:

(A) The appraisal was completed within one year before the decision by the board approving the acquisition of the land; and

(B) The board finds that the appraisal was performed according to accepted professional standards for appraisals of land; or

(2) The board may contract for independent appraisals from no more than three disinterested appraisers.

No land shall be purchased for a sum greater than the highest value fixed by the appraiser or appraisals; provided further that this limitation shall not apply where acquisition is by condemnation.  After the land has been acquired or the board abandons the acquisition, the appraisal reports shall be available for inspection and copying by the public.

(b) No appraisal shall be required under this section in the event that an interest in land is donated to the State."

     SECTION 2.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________
	BY REQUEST