STAND. COM. REP. NO. 1591-16
Honolulu, Hawaii
, 2016
RE: S.B. No. 2910
S.D. 2
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Eighth State Legislature
Regular Session of 2016
State of Hawaii
Sir:
Your Committee on Finance, to which was referred S.B. No. 2910, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TIME SHARE COMMISSIONERS OF DEEDS,"
begs leave to report as follows:
Specifically, this measure, among other things:
(1) Clarifies the Lieutenant Governor's rulemaking authority and responsibility with respect to the Program;
(2) Authorizes the Lieutenant Governor to assess and collect fees and administrative fines for the Program;
(3) Increases the surety bond and cash bond requirement for Commissioners of Deeds; and
(4) Appropriates funds for a Commissioner of Deeds specialist and expenses related to establishing and administering the Program.
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 S.B. No. 2910, S.D. 2, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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