CONFERENCE COMMITTEE REP. NO. 51-04

Honolulu, Hawaii

, 2004

RE: S.B. No. 2704

H.D. 1

C.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2704, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO MANDATORY SELLER DISCLOSURES,"

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.

Your Committee on Conference finds that this measure enhances consumer protection by requiring that prospective purchasers of residential real property be provided with information relating to the existence of construction defects in a written disclosure statement, prior to purchase. This mandatory disclosure will better enable consumers to make informed decisions regarding this major consumer transaction.

Your Committee on Conference has amended this measure so as to take effect upon its approval, rather than on July 1, 2099.

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 S.B. No. 2704, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2704, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

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KENNETH T. HIRAKI, Chair

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RON MENOR, Co-Chair

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COLLEEN HANABUSA, Co-Chair