CONFERENCE
COMMITTEE REP. NO. 44-18
Honolulu, Hawaii
, 2018
RE: H.B. No. 2328
H.D. 1
S.D. 2
C.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Twenty-Ninth State Legislature
Regular Session of 2018
State of Hawaii
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Ninth State Legislature
Regular Session of 2018
State of Hawaii
Sirs:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2328, H.D. 1, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO HOUSING,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this measure is to make certain clarifying amendments to Hawaii's affordable housing law. Specifically, the measure clarifies:
(1) The terms and applicability of the Hawaii Housing Finance and Development Corporation's (HHFDC) authority to exercise or transfer to a qualified nonprofit housing trust the first option to purchase affordable housing units developed with HHFDC's financing or assistance; and
(2) That Act 159, Session Laws of Hawaii 2017, does not affect rights, duties, and obligations that have matured through a signed contract or disclosure by way of a preliminary offering statement filed with the Real Estate Commission before the Act's effective date.
Your Committee on Conference has amended this measure to make it effective upon approval.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2328, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2328, H.D. 1, S.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
ON THE PART OF THE SENATE |
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ON THE PART OF THE HOUSE |
____________________________ WILL ESPERO Chair |
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____________________________ TOM BROWER Co-Chair |
____________________________ MAILE S.L. SHIMABUKURO Co-Chair |
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____________________________ NADINE K. NAKAMURA Co-Chair |
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