SB 876 SD 2 HD 1

RELATING TO RESIDENTIAL LEASE-TO-FEE CONVERSION

By Senator(s) TAM

Keywords: CONDOMINIUMS, COOPERATIVE HOUSING CORPORATIONS, HOUSING, PROFESSIONS AND OCCUPATIONS, REAL PROPERTY, RESIDENTIAL LEASEHOLDS

Report Title: Condominium; Leasehold

Description: Establishes a fair market value standard (FMVS) for appraising the leased fee interest of condo and co-op housing corp. for leases that do not specify an appraisal standard and for leases on or after effective date of this Act; allows FMVS if lessor and lessee agree for leases prior to date of this Act. (SB876 HD1)

 1-22-99        S Introduced and passed First Reading                      
 1-25-99        S Referred to 1. GOH 2. WAM                                
 1-29-99        S Bill scheduled to be heard by GOH on 02-04-99 at
                  1:30 p.m. in conference room 224
 2- 4-99        S The measure is deferred until 02-11-99 at 1:30 p.m.         
                  in conference room 224.
 2-11-99        S The committee on GOH recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 2-11-99        S The votes in GOH were as follows: 5 Ayes: Senator(s)        
                  Tam, Matsuura, Chun, Hanabusa, Levin; Ayes with
                  reservations: Senator(s) ; none Noes: Senator(s) ;
                  and 4 Excused: Senator(s) Matsunaga, Sakamoto,
                  Tanaka, Anderson
 2-19-99        S Reported from GOH (Stand. Com. Rep. No. 218) with
                  recommendation of passage on Second Reading, as
                  amended (SD 1) and referral to WAM
 2-19-99        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to WAM.
 2-28-99        S Notice of public decision making by WAM on 03-02-99         
                  at 9:00 a.m. in conference room 211.
 3- 2-99        S The committee on WAM recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 2-99        S The votes in WAM were as follows: 9 Ayes: Senator(s)        
                  Fukunaga, Levin, Buen, Chun, Chun Oakland, D. Ige,
                  Iwase, Kawamoto, Tam; Ayes with reservations:
                  Senator(s) ; none Noes: Senator(s) ; and 4 Excused:         
                  Senator(s) M. Ige, Nakata, Taniguchi, Anderson
 3- 5-99        S Reported from WAM (Stand. Com. Rep. No. 614) with
                  recommendation of passage on Third Reading, as
                  amended (SD 2)
 3- 5-99        S 48 hours notice 03-09-99                                 
 3- 9-99        S Report adopted; Passed Third Reading, as amended (SD        
                  2). Ayes, 25.  Noes, none.  Excused, none.
 3- 9-99        S Transmitted to House                                     
 3- 9-99        H Received from Senate (Sen. Com. No. 174)                 
 3-11-99        H Introduced and passed First Reading                      
 3-11-99        H Referred to the committees on 1. HSH 2. CPC ,
                  referral sheet 26
 3-12-99        H Bill scheduled to be heard by HSH on Monday,
                  03-15-99 at 8:30 A.M. - 12:00 Noon in House
                  conference room 329.
 3-15-99        H The committee(s) recommends that the measure be
                  deferred until 03-22-99.
 3-22-99        H The committee on HSH recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3-22-99        H The votes in HSH were as follows:5 Ayes: Rep.(s)
                  Arakaki, Kahikina, Lee, McDermott, Pendleton; Ayes
                  with reservations: Rep.(s) ; none Noes: Rep.(s) ;
                  and 3 Excused: Rep.(s) Kawakami, Santiago,
                  Stegmaier
 3-24-99        H Reported from the committee on HSH (Stand. Com. Rep.        
                  No. 1254) as amended in (HD 1), recommending passage        
                  on Second Reading and referral to the committee on
                  CPC
 3-24-99        H Passed Second Reading as amended in (HD 1) and
                  referred to the committee on CPC with
                  Representative(s) none voting no and
                  Representative(s) Chang, Halford, Hamakawa,
                  Kawakami, Menor, Morihara, Okamura, Souki excused.
 4- 1-99        H Bill scheduled to be heard by CPC/JHA on Monday,
                  04-05-99 at 6:00 P.M. in House conference room 325.
 4- 5-99        H The committee on CPC recommends that the measure be         
                  HELD.
 4- 5-99        H The votes in CPC were as follows:10 Ayes: Rep.(s)
                  Menor, Lee, Cachola, Chang, Garcia, Herkes,
                  Kaho`ohalahala, Morita, Rath, Whalen; Ayes with
                  reservations: Rep.(s) ; none Noes: Rep.(s) ; and 5
                  Excused: Rep.(s) Hiraki, Takumi, Yoshinaga, Halford,        
                  Thielen
 1-19-00        S Carried over to 2000 Regular Session.