STAND. COM. REP. NO.  1040-16

 

Honolulu, Hawaii

                , 2016

 

RE:   S.B. No. 2660

      H.D. 1

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Water & Land, to which was referred S.B. No. 2660 entitled:

 

"A BILL FOR AN ACT RELATING TO BUREAU OF CONVEYANCES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to repeal the sunset date of section 501-261.5, Hawaii Revised Statutes, which authorizes owners of registered fee non-time share interests to deregister those interests from the Land Court System.  Specifically, this measure repeals the sunset date of December 31, 2016, set forth in section 13 of Act 119, Session Laws of Hawaii 2013, as amended by Act 47, Session Laws of Hawaii 2014.

 

     The Department of Land and Natural Resources and American Resort Development Association Hawaii provided testimony in support of the measure.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2051, to encourage further discussion.

 

     As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2660, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2660, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.

 

 

Respectfully submitted on behalf of the members of the Committee on Water & Land,

 

 

 

 

____________________________

RYAN I. YAMANE, Chair