§246-16  Classification.  Within four
months after the filing of the application with the director of taxation, the
director shall make a finding of fact as to the eligibility of such land for
classification as wasteland development property, whether it can be developed
in the manner specified by the owner, whether the development will add to the
development of the economy of the State, and whether the development will
broaden the tax base of the State.  The determination shall be based upon all
available information on soils, climate, land use trends, watershed values,
present use of surrounding similar lands, and other criteria as may be
appropriate.



Upon the finding by the director that the
property is eligible for classification as wasteland development property, that
it can be developed in the manner specified by the owner, that the development
will add to the economy of the State, and that it will broaden the tax base of
the State, the property shall be classified as wasteland development property. 
If the director finds it otherwise for any one of the above criteria, the
application shall be disapproved.



The applicant may appeal any disapproved
application as in the case of an appeal from an assessment.



Land classified as wasteland development property
shall be administered by the department of taxation and the department may from
time to time make rules and regulations for their administration pursuant to
chapter 91. [L 1965, c 255, §5; Supp, §128-9.34; HRS §246-16]