STAND. COM. REP. NO.916
Honolulu, Hawaii
, 2001
RE: S.B. No. 178
S.D. 2
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Tourism and Culture, to which was referred S.B. No. 178, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO CONDOMINIUM PROPERTY REGIMES,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Require time share plans located in a condominium project to register with the Real Estate Commission; and
(2) Exempt those time share projects from supplementary disclosure and public report requirements.
The Real Estate Commission, Hawaii Resort Developers Conference, American Resort Development Association of Hawaii, Land Use Research Foundation of Hawaii, Hilton Grand Vacations Club, Pahio Resorts, and the Bay Club Ownership Resort, Inc., testified in support of this bill.
Upon further consideration, your Committee has amended this bill by:
(1) Deleting its contents and inserting the substance of H.B. No. 17, H.D. 2, which is similar to S.B. No. 178, S.D. 2.
(2) Changing the effective date to January 1, 2002.
As affirmed by the record of votes of the members of your Committee on Tourism and Culture that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 178, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 178, S.D. 2, H.D. 1, and be referred to the Committee on Consumer Protection and Commerce.
Respectfully submitted on behalf of the members of the Committee on Tourism and Culture,
|
____________________________ JERRY CHANG, Chair |
||