Report Title:

Hawaii Hurricane Relief Fund; Hazard Mitigation Program

 

Description:

Requires the HHRF to develop and implement a program to provide grants to residential property owners.

 

THE SENATE

S.B. NO.

1326

TWENTY-FIRST LEGISLATURE, 2001

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to hawaii hurricane relief fund.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 431P-12, Hawaii Revised Statutes, is amended to read as follows:

"[[]§431P-12[]] Mitigation. (a) The fund shall develop a comprehensive loss reduction plan for the hurricane peril. The plan shall include standards for new residential and commercial structures and separate standards for existing residential and commercial structures. The plan shall provide a timetable for implementation of mandatory loss mitigation measures for both new and existing structures.

(b) The fund shall develop and implement a program, not subject to chapter 91, to provide grants to residential property owners for the installation of wind damage mitigation devices that lessen the probability of property loss due to strong winds. Grants shall be available to all policyholders, whether present, past, or future, to the extent of available funds. The fund may expend up to $ million for the grant program, including costs of administration and advertising for the program. Grants shall be awarded on the basis of a dollar for dollar matching of funds up to $ , per insured location. Costs of inspection of a property required for an award of a grant shall be made by the property owner and may be applied toward meeting the matching funds amount."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

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