Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Water, Land, and Agriculture, to which was referred S.B. No. 261 entitled:

begs leave to report as follows:

The purpose of this short form measure is to amend the Hawaii Revised Statutes relating to land use.

Your Committee has amended the measure by inserting provisions to clarify that a buyer of a leasehold apartment or condominium after June 17, 1991, who has been provided with a disclosure of leasehold terms, and has acknowledged the same, shall not be entitled to participate in any mandatory conversion proceeding.

As affirmed by the record of votes of the members of your Committee on Water, Land, and Agriculture that is attached to this report, your Committee is in accord with the action to report out S.B. No. 261, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 261, S.D. 1, and be recommitted to the Committee on Water, Land, and Agriculture, for further consideration.