43 C.F.R. § 47.20
What factors will the Secretary consider in analyzing a land exchange?
The Secretary may approve an exchange only after making a determination that the exchange will advance the interests of the beneficiaries. In considering whether a land exchange will advance the interests of the beneficiaries, the Secretary will evaluate the extent to which it will:
(a) Achieve better management of Hawaiian home lands;
(b) Meet the needs of HHCA beneficiaries and their economic circumstances by promoting:
(1) Homesteading opportunities,
(2) economic self-sufficiency, and,
(3) social well-being;
(c) Promote development of Hawaiian home lands for residential, agricultural, and pastoral use;
(d) Protect cultural resources and watersheds;
(e) Consolidate lands or interests in lands, such as agricultural and timber interests, for more logical and efficient management and development;
(f) Expand homestead communities;
(g) Accommodate land use authorizations;
(h) Address HHCA beneficiary needs; and
(i) Advance other identifiable interests of the beneficiaries consistent with the HHCA.