STAND. COM. REP. NO. 1491

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 658
                                        H.D. 1
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Commerce and Consumer Protection, to which
was referred H.B. No. 658, 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 allow developers to begin
sales of time share interests in condominiums prior to obtaining
a condominium public report under chapter 514A, Hawaii Revised
Statutes (HRS), if the developer has obtained preliminary
approval of the time share plan under chapter 514E, HRS.
Preliminary approval of the time share plan is the subject of
H.B. No. 657, H.D. 2, S.D. 1, which will also be reported out of
your Committee.

     An individual presented testimony in support of the measure.
The Real Estate Commission and the Time Share Program of the
Department of Commerce and Consumer Affairs presented testimony
in support of the measure and proposed amendments to the measure.

     Your Committee finds that this measure, working in concert
with the proposed alternative registration requirements of H.B.
No. 657, H.D.2, S.D. 1, would permit time share developers to
enter the marketplace more quickly, thus reducing their cost of
doing business, while still addressing consumer protection
concerns.


 
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                                   STAND. COM. REP. NO. 1491
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     Your Committee has amended this measure by changing its
effective date to insure future discussion of issues regarding
the streamlining of the time share registration process.

     As affirmed by the record of votes of the members of your
Committee on Commerce and Consumer Protection that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 658, H.D. 1, as amended herein, and
recommends that it pass Second Reading in the form attached
hereto as H.B. No. 658, H.D. 1, S.D. 1, and be placed on the
calendar for Third Reading.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Commerce and
                                   Consumer Protection,



                                   ______________________________
                                   BRIAN KANNO, Co-Chair



                                   ______________________________
                                   BRIAN T. TANIGUCHI, Co-Chair

 
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