Measure Title: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE.
Report Title: HPIA; HHRF; DBEDT; HGIA; Property Insurance; Hurricane Insurance Coverage; Condominiums; Condominium Loan Program; Condominium Loan Revolving Fund; Condominium Loan Loss Reserves Program; Community Development Financial Institutions; Reports; Reimbursable General Obligation Bonds; Appropriations ($)
Description: Expands the powers of the Hawaii Property Insurance Association and reactivates the Hawaii Hurricane Relief Fund to help stabilize the property insurance market in the State. Establishes the Condominium Loan Program and the Condominium Loan Revolving Fund, to be administered by the Hawaii Green Infrastructure Authority on behalf of the Department of Business, Economic Development, and Tourism, for the purpose of providing financing for essential repairs and deferred maintenance to condominium associations. Abolishes the Condominium Loan Revolving Fund on 6/30/2047. Establishes the Condominium Loan Loss Reserves Program to incentivize lenders to provide loans at competitive rates and terms to allow condominium associations to make necessary maintenance and repairs. Requires the Insurance Commissioner to conduct a study to develop long-term solutions to help stabilize the property insurance market in the State. Requires reports to the Legislature. Authorizes the issuance of reimbursable general obligation bonds to facilitate the initial issuance of policies to condominium associations. Appropriates funds. (CD1)
Companion:  HB426
Package: None
Current Referral: CPC, FIN
Introducer(s): KEOHOKALOLE, AQUINO, CHANG, FUKUNAGA, HASHIMOTO, MCKELVEY, MORIWAKI, RHOADS, RICHARDS, Wakai
Act:

Sort by DateChamberStatus Text
5/2/2025SEnrolled to Governor.
5/2/2025SReceived notice of passage on Final Reading in House (Hse. Com. No. 821).
5/1/2025HReceived notice of Final Reading (Sen. Com. No. 888).
4/30/2025HPassed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).
4/30/2025SPassed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
4/25/2025HForty-eight (48) hours notice Wednesday, 04-30-25.
4/25/2025HReported from Conference Committee (Conf Com. Rep. No. 206) as amended in (CD 1).
4/25/2025S48 Hrs. Notice (as amended CD 1) 04-30-25.
4/25/2025SReported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 206).
4/25/2025HThe Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 5 Ayes: Representative(s) Matayoshi, Yamashita, Chun, Tam, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
4/25/2025SThe Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Keohokalole, Moriwaki, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
4/25/2025SConference committee meeting to reconvene on 04-25-25 3:50 PM; Conference Room 224.
4/24/2025SConference committee meeting to reconvene on 04-25-25 1:30PM; Conference Room 224.
4/23/2025HConference Committee Meeting will reconvene on Thursday 04-24-25 1:30PM in conference room 224.
4/22/2025SConference committee meeting to reconvene on 04-23-25 1:31PM; Conference Room 224.
4/21/2025SConference committee meeting scheduled for 04-22-25 1:30PM; Conference Room 224.
4/17/2025HReceived notice of Senate conferees (Sen. Com. No. 829).
4/17/2025SSenate Conferees Appointed: Keohokalole Chair; Moriwaki Co-Chair; Fukunaga, McKelvey, Awa.
4/15/2025SReceived notice of appointment of House conferees (Hse. Com. No. 731).
4/14/2025HHouse Conferees Appointed: Matayoshi, Yamashita Co-Chairs; Chun, Tam, Pierick.
4/10/2025HReceived notice of disagreement (Sen. Com. No. 779).
4/10/2025SSenate disagrees with House amendments.
4/10/2025SReceived from House (Hse. Com. No. 669).
4/8/2025HPassed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Marten excused (2). Transmitted to Senate.
4/4/2025HForty-eight (48) hours notice Tuesday, 04-08-25.
4/4/2025HReported from FIN (Stand. Com. Rep. No. 2010) as amended in HD 2, recommending passage on Third Reading.
3/31/2025HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward.
3/28/2025HBill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
3/18/2025HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).
3/18/2025HReported from CPC (Stand. Com. Rep. No. 1298) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/12/2025HThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Kong, Marten, Tam, Pierick; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.
3/10/2025HBill scheduled to be heard by CPC on Wednesday, 03-12-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
3/6/2025HReferred to CPC, FIN, referral sheet 19
3/6/2025HPass First Reading
3/4/2025HReceived from Senate (Sen. Com. No. 247) in amended form (SD 2).
3/4/2025SReport adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2/27/2025S48 Hrs. Notice 03-04-25.
2/27/2025SReported from WAM (Stand. Com. Rep. No. 730) with recommendation of passage on Third Reading, as amended (SD 2).
2/12/2025SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/10/2025SThe committee(s) on WAM will hold a public decision making on 02-12-25 10:01AM; Conference Room 211 & Videoconference.
2/7/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/7/2025SReported from CPN (Stand. Com. Rep. No. 88) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
1/31/2025SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.
1/24/2025SThe committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.
1/23/2025SReferred to CPN, WAM.
1/21/2025SPassed First Reading.
1/17/2025SIntroduced.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB1044 SD2 HD2 CD1

Committee Reports

SB1044_SD1_SSCR88_ Link to committee report SB1044_SD1_SSCR88_ .PDF file
SB1044_SD2_SSCR730_ Link to committee report SB1044_SD2_SSCR730_ .PDF file
SB1044_HD1_HSCR1298_ Link to committee report SB1044_HD1_HSCR1298_ .PDF file
SB1044_HD2_HSCR2010_ Link to committee report SB1044_HD2_HSCR2010_ .PDF file
SB1044_CD1_CCR206_ Link to committee report SB1044_CD1_CCR206_ .PDF file

Testimony

SB1044_TESTIMONY_CPN_01-31-25_
SB1044_SD1_TESTIMONY_WAM_02-12-25_
SB1044_SD2_TESTIMONY_CPC_03-12-25_
SB1044_HD1_TESTIMONY_FIN_03-31-25_

Hearing Notices

CPN
1/31/25 9:30A
CR 229 & Videoconference
WAM
2/12/25 10:01A
CR 211 & Videoconference
CPC
3/12/25 2:00P
329 VIA VIDEOCONFERENCE
FIN
3/31/25 3:15P
308 VIA VIDEOCONFERENCE
CONF
4/22/25 1:30P
CR 224
CONF
4/23/25 1:31P
CR 224
CONF
4/24/25 1:30P
224
CONF
4/25/25 1:30P
CR 224