STAND. COM. REP. NO. 560-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2222
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
2222, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

     The purpose of this bill is to facilitate condominium self-
governance and industry efficiency by appropriating funds for a
comprehensive review of the Condominium Property Regimes law, to
be conducted by the Real Estate Commission (Commission), for the
purpose of developing legislation to reorganize, clarify, and
deregulate the Condominium Property Regimes law.

     The Commission, Gentry Homes, Ltd., the Hawaii Association
of Realtors, the Land Use Research Foundation of Hawaii, and the
Hawaii Legislative Action Committee of the Community Associations
Institute testified in support of this measure.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
2222, H.D. 1, and recommends that it pass Third Reading.


 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 560-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair