Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 1348, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to provide apartment owners with easy access to association documents by requiring board minutes for the current and prior year, the most current financial statement, and financial statements, general ledgers, insurance policies, and other documents of the association to be made available at any office of the association or resident manager located on the condominium property.

Hawaii Independent Condominium & Cooperative Owners and a concerned individual testified in support of this bill. The Community Associations Institute Hawaii and a concerned individual opposed this bill.

Your Committee heard concerns that an association or its resident manager would be unable to maintain all of the many documents of the association on-site, at the association office or the office of the resident manager.

Your Committee has amended this bill to address this concern and exclude documents other than the regular board meeting minutes and agendas from this requirement. Technical, nonsubstantive amendments were also made for clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1348, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1348, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.