STAND. COM. REP. NO.800

Honolulu, Hawaii

, 2003

RE: S.B. No. 1087

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1087, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

The purpose of this measure is to provide a one year extension to the Real Estate Commission's period of review of Hawaii's condominium property regimes law.

More specifically, the measure:

(1) Requires a final report of the review and draft legislation to be submitted to the Legislature no later than twenty days prior to the convening of the Regular Session of 2004;

(2) Expands the membership of the Real Estate Commission Recodification Advisory Committee to include representatives of condominium associations;

(3) Requires the Recodification Advisory Committee to meet to review the final version of the recodification draft to be presented at public hearings; and

(4) Appropriates funding to allow the continuation of the project and authorizes an extension of the temporary condominium specialist position for one year.

Your Committee finds that the Real Estate Commission's review of the existing condominium property regimes law has resulted in two discussion drafts of the recodification project. As the project moved forward, the complexity of issues and competing interests revealed a need for additional time to produce a final recommendation that incorporates comments submitted at future public hearings to be held in each county, as well as input from affected members of the condominium community. Your Committee believes this measure will allow the Real Estate Commission to submit a thoroughly researched final report and draft legislation that reflects the work of the Real Estate Commission, as well as the cooperation and assistance of the public and members of the condominium community.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1087, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair