Measure Title: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE.
Report Title: Property Insurance; HHRF; HPIA; Condominiums; Appropriation; Expenditure Ceiling
Description: Amends the laws relating to the Hawaii Hurricane Relief Fund and Hawaii Property Insurance Association by: imposing a different transient accommodation tax rate for transient vacation rentals, a property insurance surcharge on conveyance tax, and a temporary property insurance stabilization fee on real property transactions to capitalize the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund; expanding the statutory authorization for the Hawaii Property Insurance Association to issue property insurance for certain condominiums and amending the designated geographic area eligible for coverage to specifically include lava zones 1 and 2; mandating that the Hawaii Hurricane Relief Fund and Hawaii Property Insurance Association be insurers of last resort; requiring Hawaii Property Insurance Association member insurers and licensed property and casualty insurers to recoup assessment costs paid into the Hawaii Property Insurance Association and the Hawaii Hurricane Relief Fund through a surcharge on premiums; requiring coverage limits and deductibles and fund capitalization amounts for licensed property and casualty insurers to be established in a plan of operation for the Hawaii Hurricane Relief Fund, subject to approval by the Insurance Commissioner; and reinstating the special mortgage recording fee to capitalize the Hawaii Hurricane Relief Fund. Appropriates moneys as a loan to the Hawaii Hurricane Relief Fund to assist it in becoming sufficiently capitalized and other purposes. Authorizes the issuance of general obligation bonds and appropriates bond revenues as a loan to the Hawaii Hurricane Relief Fund to assist it in becoming sufficiently capitalized and other purposes. Effective 7/1/3000. (HD2)
Companion:  HB2686
Package: None
Current Referral: CPC, FIN
Introducer(s): KEOHOKALOLE, CHANG, FUKUNAGA, MCKELVEY, SAN BUENAVENTURA, Kidani
Act:

Sort by Date Status Text
4/22/2024SReceived notice of appointment of House conferees (Hse. Com. No. 791).
4/19/2024HReceived notice of Senate conferees (Sen. Com. No. 726).
4/19/2024HHouse Conferees Appointed: Sayama, Yamashita Co-Chairs; Morikawa, Tam, Pierick.
4/19/2024SSenate Conferees Appointed: Keohokalole Chair; DeCoite, Wakai, Rhoads, Fukunaga Co-Chairs; Awa.
4/11/2024HReceived notice of disagreement (Sen. Com. No. 673).
4/11/2024SSenate disagrees with House amendments.
4/11/2024SReceived from House (Hse. Com. No. 728).
4/9/2024HPassed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.
4/5/2024HForty-eight (48) hours notice Tuesday, 04-09-24.
4/5/2024HReported from FIN (Stand. Com. Rep. No. 1833-24) as amended in HD 2, recommending passage on Third Reading.
4/3/2024HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Cochran, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.
4/3/2024HBill scheduled for decision making on Wednesday, 04-03-24 2:30PM in conference room 308 VIA VIDEOCONFERENCE.
4/2/2024HThe committee(s) on FIN recommend(s) that the measure be deferred until 04-03-24.
3/29/2024HBill scheduled to be heard by FIN on Tuesday, 04-02-24 2:30PM in House conference room 308 VIA VIDEOCONFERENCE.
3/22/2024HPassed 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) Martinez, Nakashima, Quinlan excused (3).
3/22/2024HReported from CPC (Stand. Com. Rep. No. 1338-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/20/2024HThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Sayama, Amato, Belatti, Hashem, Gates, Onishi, Pierick; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Nakashima, Hussey-Burdick, Lowen, Tam.
3/18/2024HBill scheduled to be heard by CPC on Wednesday, 03-20-24 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
3/7/2024HReferred to CPC, FIN, referral sheet 16
3/7/2024HPass First Reading
3/5/2024HReceived from Senate (Sen. Com. No. 307) in amended form (SD 1).
3/5/2024SReport Adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: Senator(s) Fukunaga, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/1/2024SOne Day Notice 03-05-24.
3/1/2024SReported from WAM/JDC (Stand. Com. Rep. No. 3045) with recommendation of passage on Third Reading.
3/1/2024SThe committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Elefante, Awa; Aye(s) with reservations: Senator(s) San Buenaventura ; 0 No(es): none; and 0 Excused: none.
3/1/2024SThe committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kidani, Kim, Lee, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kanuha, Shimabukuro.
2/27/2024SThe committee(s) on WAM/JDC will hold a public decision making on 03-01-24 10:31AM; Conference Room 211 & Videoconference.
2/16/2024SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2/16/2024SReported from CPN/EET (Stand. Com. Rep. No. 2626) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
2/14/2024SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, McKelvey, Richards, Awa; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 0 Excused: none.
2/14/2024SThe committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Kim; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
2/13/2024SThe committee(s) on CPN/EET deferred the measure until 02-14-24 9:46AM; Conference Room 229.
2/7/2024SThe committee(s) on CPN/EET deferred the measure until 02-13-24 9:30AM; Conference Room 229.
2/2/2024SThe committee(s) on CPN/EET has scheduled a public hearing on 02-07-24 9:30AM; Conference Room 229 & Videoconference.
2/2/2024SRe-Referred to CPN/EET, WAM/JDC.
1/29/2024SReferred to CPN/EET/WTL, WAM/JDC.
1/24/2024SPassed First Reading.
1/24/2024SIntroduced.

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

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SB3234 SD1 HD2
All Versions of this Measure
SB3234_SD1 Pdf File
SB3234_HD2 Pdf File
SB3234_HD1 Pdf File
SB3234 Pdf File
Committee Reports
SB3234_SD1_SSCR2626_ Pdf File
SB3234_SD1_SSCR3045_ Pdf File
SB3234_HD1_HSCR1338-24_ Pdf File
SB3234_HD2_HSCR1833-24_ Pdf File
Testimony
SB3234_TESTIMONY_CPN-EET_02-07-24_
SB3234_SD1_TESTIMONY_WAM-JDC_03-01-24_
SB3234_SD1_TESTIMONY_CPC_03-20-24_
SB3234_HD1_TESTIMONY_FIN_04-02-24_
Hearing Notices
CPN/EET
2/07/24 9:30A
CR 229 & Videoconference
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CPN/EET
2/13/24 9:30A
CR 229
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CPN/EET
2/14/24 9:46A
CR 229
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WAM/JDC
3/01/24 10:31A
CR 211 & Videoconference
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CPC
3/20/24 2:00P
329 VIA VIDEOCONFERENCE
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FIN
4/02/24 2:30P
308 VIA VIDEOCONFERENCE
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FIN
4/03/24 2:30P
308 VIA VIDEOCONFERENCE
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