The Public Land Development Corporation is a state entity created by the Legislature in 2011 to develop state lands and generate revenues for the Department of Land and Natural Resources. Through public-private partnerships, the corporation aims to attract private companies as joint partners in development opportunities.
The corporation was formed after the Legislature passed Senate Bill 1555 which was signed into law as Act 55 by Governor Neil Abercrombie. The corporation is governed by a five-member board of directors. Three state agencies are represented on the board either by its director or their designee. The agencies include the Department of Business, Economic Development and Tourism; the Department of Budget and Finance; and the Department of Land and Natural Resources. One member is appointed by the speaker of the House of Representatives, and one member is appointed by the president of Senate.
