THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND HOUSING

Senator Ron Menor, Chair

Senator Rosalyn H. Baker, Vice Chair

NOTICE OF HEARING

 

DATE:

Monday, March 21, 2005

TIME:

9:00 a.m.

PLACE:

Conference Room 016

State Capitol

415 South Beretania Street

A G E N D A

HB 1302

HD1

(HSCR915)

RELATING TO BUSINESS FEES.

Reduces filing, service, copying, and other business fees charged by the Department of Commerce and Consumer Affairs. (HB1302 HD1)

CPH, WAM

HB 633

HD2

(HSCR910)

RELATING TO FEES.

Provides the Department of Commerce and Consumer Affairs with the flexibility to reduce any of the department's fees and other nontax revenues. (HB633 HD2)

CPH, WAM

HB 99

HD1

(HSCR863)

RELATING TO BUSINESS.

Adjusts filing fees. (HB99 HD1)

 

CPH, WAM

HB 160

HD2

(HSCR864)

RELATING TO THE COMPLIANCE RESOLUTION FUND.

Provides a formula for determining assessments to be paid by each line of insurance regulated under the Insurance Code and caps these assessments at a total of $2,000,000 per fiscal year. Requires the Auditor to perform an annual financial and management audit of the insurance regulation sub-account of the Compliance Resolution Fund. (HB160 HD2)

CPH, WAM

HB 863

HD2

(HSCR930)

RELATING TO THE PETROLEUM INDUSTRY.

Establishes the Petroleum Industry Monitoring, Analysis, and Reporting Special Fund to be funded by appropriation from the Environmental Response Revolving Fund. Establishes a petroleum industry information reporting system. (HB863 HD2)

CPH, WAM

HB 785

HD1

(HSCR744)

RELATING TO MORTGAGE FORECLOSURES.

Adds provisions authorizing time share foreclosure under power of sale to the mortgage foreclosure law. Effective July 1, 2099 (HB785 HD1)

CPH

HB 783

HD2

(HSCR980)

RELATING TO MORTGAGE FORECLOSURES.

Amends the 1998 alternate power of sale foreclosure process by requiring a foreclosing mortgagee or other creditors to provide information on the unpaid balance of moneys owed under a mortgage or lien as of the date of the public sale within three days of an inquiry, capping the public sale purchaser's downpayment to not more than 10 percent of the highest successful bid, clarifying that the new property owner may take possession no sooner than 40 days after the public sale, and extending the time period for filing appeals of foreclosure sales to no later than 60 days after recordation of the affidavit of public sale. Effective July 1, 2099. (HB783 HD2)

CPH, JHW

HB 1554

HD2

(HSCR791)

RELATING TO LEASEHOLD CONVERSION.

Exempts from taxation, seventy-five per cent of income received from the sale to a lessee of the leased fee interest in a residential house lot or multi-family residential leasehold property, or to the association of apartment owners of the multi-family residential leasehold building. Effective date July 1, 2099 (HB1554 HD2)

CPH, WAM

HB 769

HD3

(HSCR857)

RELATING TO UNCLAIMED PROPERTY.

Exempts electric utility cooperative associations from the unclaimed property law. Requires annual unclaimed property report to the Director of Finance, that the cooperative remain responsible for payment of all future claims on the reported property, and that the unclaimed property be used for charitable purposes or for the benefit of the general membership of the cooperative. (HB769 HD3)

CPH, WAM

HB 1542

HD1

(HSCR743)

RELATING TO CONTRACTORS.

Requires investigation of a complaint against a contractor within working days and completion of an investigation within days. Requires investigators to issue citations for violation of sections 444-9.5 or 444-10.5, HRS, within working days after the completion of an investigation. (HB1542 HD1)

CPH, WAM

HB 390

HD1

(HSCR866)

RELATING TO RENTAL MOTOR VEHICLE SURCHARGE TAX.

Repeals the temporary increase in rental motor vehicle surcharge tax levied between September 1, 1999 and August 31, 2007. (HB390 HD1)

CPH, WAM

Decision Making to follow, if time permits.

Persons wishing to testify should submit 25 copies of their testimony to the committee clerk, Room 219, State Capitol, 24 hours prior to the hearing. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.

If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.

 

 

 

 

Public Folder. A folder labeled "Public Folder" containing the measures and testimonies for the hearing will be available for shared use by members of the public.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740

________________________________________

Senator Ron Menor

Chair