STAND. COM. REP. NO. 1420-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 3160
                                     S.D. 2
                                     H.D. 2




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 S.B. No.
3160, S.D. 2, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE SALE OF RESIDENTIAL
     CONDOMINIUM APARTMENTS TO OWNER-OCCUPANTS,"

begs leave to report as follows:

     The purpose of this bill is to streamline and simplify
owner-occupant sales requirements for condominium apartments
under the Condominium Property Regimes Law.

     The Real Estate Commission, Land Use Research Foundation of
Hawaii, and Gentry Homes, Ltd. testified in support of this
measure.

     Your Committee has amended this bill by making technical,
nonsubstantive amendments for clarity and style.

     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 S.B. No.
3160, S.D. 2, H.D. 1, as amended herein, and recommends that it
pass Third Reading in the form attached hereto as S.B. No. 3160,
S.D. 2, H.D. 2.


 
 
 
 
 
                                 STAND. COM. REP. NO. 1420-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair