STAND. COM. REP. NO. 658

 

Honolulu, Hawaii

, 2021

 

RE: H.B. No. 47

H.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

 

Sir:

 

Your Committee on Finance, to which was referred H.B. No. 47, 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 relieve homeowner‑developers from the burden of filing annual reports and paying the fee for developments consisting of no more than two units, in which one unit is the residence of the developer and the initial sale of the other unit has been completed.

 

Your Committee received testimony in support of this measure by Associa, Community Associations Institute Hawaii Legislative Action Committee, and two individuals. Your Committee received testimony in opposition to this measure from the Real Estate Commission.

 

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. 47, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair