STAND. COM. REP. NO. 8

Honolulu, Hawaii

, 2001

RE: S.B. No. 175

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Tourism and Intergovernmental Affairs, to which was referred S.B. No. 175 entitled:

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

begs leave to report as follows:

The purpose of this measure is to eliminate the requirement that time share sales agents register with the Department of Commerce and Consumer Affairs.

Your Committee received testimony in support of this measure from the Department of Commerce and Consumer Affairs (DCCA), American Resort Development Association of Hawaii, Hilton Grand Vacations Club, Marriott International, Inc., and The Bay Club Ownership Resort, Inc.

Your Committee finds that time share sales agents are already licensed as real estate brokers or real estate sales persons under chapter 467, Hawaii Revised Statutes (HRS), and this measure would eliminate the current registration duplication. Your Committee has also heard DCCA's recommendation that a time share acquisition agent need not be registered with the department if currently licensed as a real estate broker under chapter 467, HRS.

Your Committee supports the elimination of these duplicative requirements and has amended this measure to incorporate the recommendation regarding an acquisition agent.

As affirmed by the record of votes of the members of your Committee on Tourism and Intergovernmental Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 175, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 175, S.D. 1, and be referred to the Committee on Commerce, Consumer Protection and Housing.

 

Respectfully submitted on behalf of the members of the Committee on Tourism and Intergovernmental Affairs,

____________________________

DONNA MERCADO KIM, Chair