Clarifies that chapter 514B applies to preexisting condos.

A BILL FOR AN ACT

SECTION 1. Section 514B-22, Hawaii Revised Statutes, is amended to read as follows:

"[[]§514B-22[]] Applicability to preexisting condominiums. [Sections 514B-4, 514B-5, 514B-46, 514B-72, and part VI, and section 514B-3 to the extent definitions are necessary in construing any of those provisions, apply to all condominiums created in this State before July 1, 2006; but those sections apply only with respect to events and circumstances occurring after July 1, 2006 and do not invalidate existing provisions of the declaration, bylaws, condominium map, or other constituent documents of those condominiums.] This chapter shall apply to all condominiums created in this State before July 1, 2006.

For purposes of interpreting this chapter, the terms "condominium property regime" and "horizontal property regime" shall be deemed to correspond to the term "condominium"; the term "apartment" shall be deemed to correspond to the term "unit"; the term "apartment owner" shall be deemed to correspond to the term "unit owner"; and the term "association of apartment owners" shall be deemed to correspond to the term "association"."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2006.