STAND. COM. REP. NO. 945

Honolulu, Hawaii

, 2005

RE: S.B. No. 1347

S.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1347, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO REAL PROPERTY,"

begs leave to report as follows:

The purpose of this measure is to authorize the tax collector to foreclose without suit on real property on which a tax lien has existed for at least eighteen months or on which are owed fines exceeding $25,000 that are the penalty for egregious zoning or building code violations.

Your Committee finds that counties must currently wait for three years before commencing foreclosure on real property on which there is an outstanding lien. Reducing the time the counties must wait before taking action will promote better fiscal management and minimize the risk that an account receivable will need to be eventually written off as bad debt.

Your Committee has amended this measure by changing the effective date to July 1, 2099.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1347, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1347, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair