STAND. COM. REP. NO. 1404
RE: S.B. No. 1104
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2021
State of Hawaii
Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 1104 entitled:
"A BILL FOR AN ACT RELATING TO THE CONTRACTORS RECOVERY FUND,"
begs leave to report as follows:
The purpose of this measure is to increase the monetary amount an injured homeowner may recover from the Contractors Recovery Fund and the maximum amount of liability that may be recovered from the fund per licensed contractor.
Your Committee received testimony in support of this measure from the Contractors License Board. Your Committee received testimony in opposition to this measure from the Subcontractors Association of Hawaii.
Your Committee finds that the Contractors Recovery Fund provides financial assistance to homeowners injured by the act, representation, transaction, or conduct of a licensed contractor. This measure will increase the amount of relief an injured homeowner can recover.
Your Committee has amended this measure by:
(1) Changing the effective date to January 1, 2050, to encourage further discussion; and
(2) Making a technical, nonsubstantive amendment for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1104, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1104, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
AARON LING JOHANSON, Chair