STAND.
COM. REP. NO. 566
Honolulu, Hawaii
, 2021
RE: H.B. No. 1124
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2021
State of Hawaii
Sir:
Your Committee on Judiciary & Hawaiian Affairs, to which was referred H.B. No. 1124, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAIIAN HOMES COMMISSION ACT,"
begs leave to report as follows:
The
purpose of this measure is
to amend the Hawaiian Homes Commission Act to:
(1) Provide appraisal requirements for tracts or improvements thereon;
(2) Prohibit the Department of Hawaiian Home Lands from canceling a lease solely based on a loan delinquency or default subject to certain conditions;
(3) Define "due notice" as it relates to the cancellation of leases or violation of lease conditions;
(4) Allow the Department of Hawaiian Home Lands to authorize second position loans on homestead leases by approved lenders and United States Treasury-certified community development financial institutions; and
(5) Require the Department of Hawaiian Home Lands to develop and implement a loan servicing manual, subject to Hawaiian Homes Commission approval, to standardize loan loss mitigation policies, procedures, and methods.
Your Committee finds that the Hawaiian Homes Commission Act provides for the rehabilitation of the native Hawaiian people through a government-sponsored homesteading program. Your Committee also finds that a key purpose of the Hawaiian Homes Commission Act is providing financial support and technical assistance to native Hawaiian beneficiaries of the Act to enhance economic self-sufficiency and promote community-based development. This measure provides a means of enabling greater access to capital and financial information for native Hawaiians.
As affirmed by the record of votes of the members of your Committee on Judiciary & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1124, H.D. 1, and recommends that it be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Judiciary & Hawaiian Affairs,
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____________________________ MARK M. NAKASHIMA, Chair |
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