§302A-835 - Annual review; disposal of units. - Hawaii Statutes

     [§302A-835]  Annual review; disposal of units.  The department of education shall annually review the status of and necessity for subsidized teachers' housing throughout the State and, upon determination that any particular housing unit is no longer necessary, shall dispose of that unit by sale, demolition, or otherwise.  Any net proceeds from the disposal of a unit shall be paid to the governmental entity vested with fee title to the unit at the time of disposition, and any deficit incurred in the disposal shall be paid by the State. [L 2005, c 204, pt of §1]