(a) The corporation shall submit to the governor and the legislature, no later than twenty days prior to the convening of each regular session, a complete and detailed report of its plans and activities.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(b) The following information shall be included in the annual report and shall be posted on the corporation‘s website:
(1) The number of lots the corporation leased or used, by size and island;(2) The number of lots the corporation leased or used, by island, that contain protocols and conditions supporting specialty farm products;(3) The number of vacant parcels and unoccupied parcels in the leasing process, by island, including the parcel size, location, and date the parcel was last occupied by a tenant; and(4) A description of any lease sales or transfers approved by the corporation, including:
(A) A description of the type of farm products produced by the transferring lessee and the farm products to be produced by the accepting lessee on the leased lands; and(B) The date and description of the transferring lessee’s last lease approved by the corporation.
