§171-78  Notice; drawing.  Noresidential lease shall be made unless notice of the board of land and naturalresources' intention to lease, with such details concerning the intended leaseand method of application for the lease as the board deems necessary ordesirable, is published as provided in section 171-16(b).  The person entitledto the lease shall be determined by drawing from among the qualified applicantswho have submitted evidence satisfactory to the board of loan commitments,still in force, from recognized lending institutions to finance theconstruction of a residence upon the premises.  Only those who are entitled topreference may participate in the drawing, and one of them shall be entitled tothe lease of the lot offered, or if more than one lot is offered, they shallhave their choice among the lots offered, according to the numbers drawn bythem.  If there are more lots than qualified applicants entitled to preference,those without preference may participate in the drawing after all preferredqualified applicants have made their choices.  Any lease referred to in thepublished notice which is not taken upon the drawing may thereafter be leasedto any qualified applicant for a residential lease having a loan commitment,still in force, from a recognized lending institution to finance theconstruction of a residence upon the premises, notwithstanding the person wasnot an applicant at the date of the drawing, without further publication ofnotice and without further drawing, if the lease is made within one year of thedate of the drawing of which notice was published. [L 1962, c 32, pt of §2;Supp, §103A-74; HRS §171-78]