HOUSE OF REPRESENTATIVES	H.B. NO.	544
TWENTY-EIGHTH LEGISLATURE, 2015
STATE OF HAWAII

A BILL FOR AN ACT

relating to the UNIVERSITY OF HAWAII CANCER CENTER.

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

     SECTION 1.  (a)  The board of regents of the University of Hawaii shall study the feasibility of selling or leasing the physical structure that houses the University of Hawaii Cancer Center.

     (b)  The board of regents shall consider the following factors in its study:

     (1)  Potential buyer;

     (2)  Mode of offer;

     (3)  The relationship between the lease of the land and the sale of the physical structure;

     (4)  Ground rent renegotiation scenarios;

     (4)  Assumption of repair and maintenance costs by the lessee;

     (5)  Lease-back rental amounts; and

     (6)  Projected revenue gain, if any, by the University of Hawaii.

     SECTION 2.  The board of regents of the University of Hawaii shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature not later than twenty days prior to the convening of the regular session of 2016.

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

INTRODUCED BY:

_____________________________

Report Title:

UH; Cancer Center; Sale or Lease; Study

Description:

Requires the UH BOR to study the feasibility of selling or leasing the building that houses the UH Cancer Center.

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