Measure Title: RELATING TO CONDOMINIUMS.
Report Title: HGIA; Condominium Loan Program; Condominium Loan Loss Reserves Program; Condominium Loan Revolving Fund; Community Development Financial Institutions; Reports; Appropriations ($)
Description: Establishes within the Hawaii Green Infrastructure Authority the Condominium Loan Program to provide qualified condominium associations with low-cost financing or refinancing on previously obtained loans for maintenance or repair projects. Limits loan terms to 20 years and prohibits any new loans after 6/30/2047. Establishes the Condominium Loan Loss Reserves Program to incentivize community development financial institutions into providing loans at competitive rates and terms to condominium associations for the purpose of allowing condominium associations to make necessary maintenance or repairs. Requires annual reports to the Legislature. Appropriates funds into and out of the Condominium Loan Revolving Fund. Effective 7/1/2050. Repeals 06/30/2047. (SD2)
Companion:
Package: None
Current Referral: CPC, FIN
Introducer(s): KEOHOKALOLE
Act:

Sort by DateChamberStatus Text
3/6/2025HReferred to CPC, FIN, referral sheet 19
3/6/2025HPass First Reading
3/4/2025HReceived from Senate (Sen. Com. No. 376) 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.
2/28/2025S48 Hrs. Notice 03-04-25.
2/28/2025SReported from WAM/JDC (Stand. Com. Rep. No. 889) with recommendation of passage on Third Reading, as amended (SD 2).
2/19/2025SThe committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 4 Aye(s): Senator(s) Rhoads, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Gabbard.
2/19/2025SThe 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, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: Senator(s) Inouye ; 0 No(es): none; and 0 Excused: none.
2/14/2025SThe committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.
2/14/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2/14/2025SReported from CPN/EDT (Stand. Com. Rep. No. 639) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
2/11/2025SThe committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/11/2025SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.
2/7/2025SThe committee(s) on CPN/EDT deferred the measure until 02-11-25 1:06PM; Conference Room 229 & Videoconference.
2/5/2025SThe committee(s) on CPN/EDT deferred the measure until 02-07-25 10:01AM; Conference Room 229.
1/31/2025SThe committee(s) on CPN/EDT has scheduled a public hearing on 02-05-25 9:45AM; Conference Room 229 & Videoconference.
1/27/2025SReferred to CPN/EDT, WAM/JDC.
1/27/2025SPassed First Reading.
1/23/2025SIntroduced.

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

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SB1601 SD2

All Versions of this Measure

SB1601_SD2 Link to SB1601_SD2 .PDF file
SB1601_SD1 Link to SB1601_SD1 .PDF file
SB1601 Link to SB1601 .PDF file

Committee Reports

SB1601_SD1_SSCR639_ Link to committee report SB1601_SD1_SSCR639_ .PDF file
SB1601_SD2_SSCR889_ Link to committee report SB1601_SD2_SSCR889_ .PDF file

Testimony

SB1601_TESTIMONY_CPN-EDT_02-05-25_
SB1601_SD1_TESTIMONY_WAM-JDC_02-19-25_

Hearing Notices

CPN/EDT
2/05/25 9:45A
CR 229 & Videoconference
CPN/EDT
2/07/25 10:01A
CR 229
CPN/EDT
2/11/25 1:06P
CR 229
WAM/JDC
2/19/25 10:16A
CR 211 & Videoconference