STAND. COM. REP. NO.  99-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2372

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Tourism & Culture, to which was referred H.B. No. 2372 entitled:

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

begs leave to report as follows:

     The purpose of this bill is to streamline the regulation of time share plans by exempting from the time share law:

     (1)  The offer or sale of an additional interest in a time share plan to an existing purchaser in the same time share plan, provided that certain conditions are met; and

     (2)  The offer or sale by a developer, in Hawaii, of a time share interest in a time share plan located outside of Hawaii to an individual who currently owns a time share interest that was purchased from the developer, or the developer's affiliates, provided that certain requirements are met.

     Marriott International, Inc., Group RCI, and Wyndham Worldwide supported this bill.  ARDA-Hawaii supported the intent of this bill.  The Department of Commerce and Consumer Affairs submitted comments.

     Upon further consideration, your Committee has amended this measure by changing its effective date to July 1, 2025, to encourage further discussion.  Other technical, nonsubstantive amendments were made for style, clarity, and consistency.

     As affirmed by the record of votes of the members of your Committee on Tourism & Culture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2372, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2372, H.D. 1, and be referred to the Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Tourism & Culture,

____________________________

RYAN I. YAMANE, Chair