§171-49  Residence lots:  unsold; forfeited;surrendered. Any lot not sold or leased at public auction or drawing, orsold or leased and forfeited, or surrendered after sale or lease with theconsent of the board of land and natural resources, which consent isauthorized, may, subject to section 171-21, be disposed of by the board asfollows:

(1)  The board shall hold the lot without dispositionfor a period of thirty days, during which time, any person otherwise qualifiedto bid interested in securing the lot may apply therefor in writing.

(2)  Upon the expiration of thirty days, if not morethan one person has applied for the lot, the board may dispose of the lot tothe sole applicant without public auction at not less than the prior upsetprice; provided that if the lot is one among several available lots and thereare more applicants than available lots, this paragraph shall not apply.

(3)  If more than one person has applied for the lot,or if there are more applicants than available lots, upon the expiration ofthirty days, the board shall by sale or lease dispose of the lot or all of theavailable lots, as the case may be, at drawing as provided in section 171-15 orat public auction as provided in sections 171-14 and 171-16, at the prior upsetprice or, if the drawing or public auction is held more than six months afterthe date of the prior drawing or public auction, at the upset price fixed by areappraisal. [L 1962, c 32, pt of §2; Supp, §103A-46; HRS §171-49; am L 1970, c184, §3]