STAND. COM. REP. NO.915

Honolulu, Hawaii

, 2001

RE: S.B. No. 173

S.D. 2

H.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Tourism and Culture, to which was referred S.B. No. 173, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO TIME SHARING PLANS,"

begs leave to report as follows:

The purpose of this measure is to exclude persons employed by or under contract to licensed real estate brokers or registered acquisition agents from the definition of "acquisition agent" in time share law. The measure also clarifies that sales agents and acquisition agents are responsible for actions of their Outside Public Contacts.

Testimony in support of this measure was received from the American Resort Development Association of Hawaii, Hilton Grand Vacations Club-Hawaii, Pahio Resorts, Inc., and The Bay Club Ownership Resort, Inc. The Department of Commerce and Consumer Affairs (DCCA) testified in support of the measure with suggested amendments.

Your Committee has adopted DCCA's suggested amendments, which conforms to contents of H.B. 22, H.D. 2, and has made additional technical, nonsubstantive amendments for purposes of style, clarity, and consistency.

As affirmed by the record of votes of the members of your Committee on Tourism and Culture that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 173, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 173, S.D. 2, H.D. 1, and be referred to the Committee on Consumer Protection and Commerce.

Respectfully submitted on behalf of the members of the Committee on Tourism and Culture,

____________________________

JERRY CHANG, Chair