STAND. COM. REP. NO.  798

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 24

      H.D. 2

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 24, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support and encourage mediation to settle condominium-related disputes by:

 

     (1)  Allocating portions of the Condominium Education Trust Fund to support mediation; and

 

     (2)  Requiring condominium projects or associations with more than five units to pay a bi-annual fee in an unspecified amount to be deposited into the Condominium Education Trust Fund.

 

     The Hawaii Real Estate Commission provided comments on this measure.

 

     Your Committee has amended this measure by:

 

     (1)  Deleting provisions that set a fee prior to the establishment of fees by the Real Estate Commission pursuant to Chapter 91 rulemaking procedures;

 

     (2)  Changing its effective date to July 1, 2030, to facilitate further discussion; and

 

     (3)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 24, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 24, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

SYLVIA LUKE, Chair