Section 15-305-37 - Disposition; purchase of fee interest by the corporation(a) Upon acquisition of the fee interest in leasehold lots of a development tract, the corporation shall sell the fee interest to the lessees of the leasehold lots as prescribed in section 15-305-36.(b) If the lessee fails to purchase the fee interest, the corporation may lease the acquired residential lot for periods of twenty years or less to the lessee at a lease rental rate sufficient to pay for the principal and interest on bonds issued, or for other financing, for the purpose of this chapter, as well as expenses incurred in administering chapter 516, HRS. [Eff JUN 15 2007] (Auth: HRS § 516-7) (Imp: HRS §§ 516-6, 516-29, 516-30, 516-31, 516-32)