STAND. COM. REP. NO. 1015

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 354
                                     H.D. 2




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

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

     "A BILL FOR AN ACT MAKING AN APPROPRIATION FOR A REVIEW OF
     THE CONDOMINIUM PROPERTY REGIMES LAW,"

begs leave to report as follows:

     The purpose of this bill is to appropriate funds for a
comprehensive review of the condominium property regimes law.

     The Real Estate Commission, the Hawaii Association of
Realtors, and the Community Associations Institute testified in
support of the bill.

     Your Committee has amended the bill by:

     (1)  Including in the review a review of zoning and
          subdivision laws and issues related to condominization
          of agricultural lands; and

     (2)  Making technical, nonsubstantive revisions for style
          and clarity.

     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.
354, H.D. 1, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 354, H.D. 2.


 
 
                                 STAND. COM. REP. NO. 1015
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair