STAND. COM. REP. NO. 3420

Honolulu, Hawaii

RE: H.B. No. 1935

H.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred H.B. No. 1935, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO PLANNED COMMUNITY ASSOCIATIONS,"

begs leave to report as follows:

The purpose of this measure is to require inclusion of planned community declarations and association documents into the disclosure statements required in the sale of residential real property in planned communities.

Testimony in support of this measure was submitted by Hawaii Independent Condominium & Cooperative Owners and Mililani Town Association. Testimony in opposition to this measure was submitted by the Hawaii Association of Realtors.

Your Committee finds that this measure ensures transparency and accessibility to planned community declarations and association documents.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1935, H.D. 1, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

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

____________________________

RON MENOR, Chair