CONFERENCE COMMITTEE REP. NO. 57
Honolulu, Hawaii
, 2007
RE: H.B. No. 1264
S.D. 1
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Sir and Madam:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1264, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO HOUSING,"
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.
The purpose of this bill is to successfully implement a sustainable affordable-housing development model by authorizing the Hawaii Housing Finance and Development Corporation (HHFDC) to waive the ten-year-buyback and shared-appreciation-equity restrictions under Chapter 201H, Hawaii Revised Statutes (HRS), for:
(1) Lessees of sustainable affordable residential leases under section 516-1, HRS; and
(2) Designated immediate family members who are offered the right of first refusal upon the death of the purchaser.
Your Committee on Conference has amended this bill by deleting the waiver of restrictions for the sale or transfer to a designated immediate family member who is offered the right of first refusal upon the death of the purchaser.
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 H.B. No. 1264, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1264, S.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
ON THE PART OF THE SENATE |
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ON THE PART OF THE HOUSE |
____________________________ BRIAN T. TANIGUCHI, Chair |
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____________________________ MAILE SHIMABUKURO, Chair |
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