Section 17-2017-12 - Replacement housing payment to owner-occupants for less than one year but not less than ninety days who rent(a) A displaced owner-occupant of a one, two, or three family dwelling, acquired by the State, who does not qualify for payment under section 17-2017-9 and who has elected to rent shall be eligible for a replacement housing payment in accordance with section 111-4(b), HRS; provided that the owner-occupant has rented and occupied a decent, safe, and sanitary replacement dwelling not later than one year subsequent to the date on which the owner-occupant was required to move from the dwelling unit taken.(b) The payment, not to exceed $4,000, shall be the lesser of: (1) A sum equal to the difference, if any, between that cost of renting a comparable dwelling for the next two years and twelve per cent of the acquisition price of the property taken; and(2) The amount which the owner-occupant would have received had the owner-occupant been eligible for a payment under section 17-2017-9. Haw. Code R. § 17-2017-12
[Eff NOV 15 2004] (Auth: HRS § 111-4, 111-8) (Imp: HRS §§ 111-4, 111-8)