STAND. COM. REP. NO. 3042

Honolulu, Hawaii

RE: S.B. No. 2726

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2726, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

The purpose and intent of this measure is to require the Legislative Reference Bureau to conduct a study on certain other states' approaches to various issues regarding condominiums.

Your Committee received written comments in support of this measure from AARP Hawaii, Community Associations Institute, Honolulu Tower AOAO, and nine individuals.

Your Committee received written comments on this measure from the State Procurement Office and two individuals.

Your Committee finds that Act 189, Session Laws of Hawaii 2023, established the Condominium Property Regime task force and required an interim report to the Legislature before the Regular Session of 2024. Your Committee further finds that in the interim report, the task force requested that the Legislative Reference Bureau study and report to the Legislature on certain subjects relating to condominiums to enable the task force to better recommend legislation on an informed and objective basis.

Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2726, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2726, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair