1. (a) The director of transportation may acquire by purchase, gift, or condemnation, and pay just compensation upon the removal of any outdoor advertising lawfully erected.

   1. (1) Those lawfully in existence on October 22, 1965.
   2. (2) Those lawfully on any federal-aid or state highway on or after October 22, 1965, and before January 1, 1968.
   3. (3) Those lawfully erected on or after January 1, 1968.

2. (b) The compensation will be paid only for the following:

   1. (1) The taking from the owner of the outdoor advertising of all right, title, leasehold, and interest therein; and
   2. (2) The taking from the owner of the real property on which the outdoor advertising is located, of the right to erect and maintain the outdoor advertising thereon.

[L 1966, c 45, pt of §2; HRS §264-75; am L 1975, c 39, §2]