STAND. COM. REP. NO. 906-06

Honolulu, Hawaii

, 2006

RE: H.B. No. 3030

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 3030 entitled:

"A BILL FOR AN ACT RELATING TO THE BUREAU OF CONVEYANCES,"

begs leave to report as follows:

The purpose of this bill is to more efficiently record real estate transactions by:

(1) Adjusting the ceiling of the Bureau of Conveyances Special Fund (Special Fund); and

(2) Using the moneys in the Special Fund to add nine full-time staff positions to the Bureau of Conveyances.

First American Title Company, Inc., testified in support of this bill. The Department of Land and Natural Resources supported the intent of this measure. The Hawaii Association of Realtors opposed this bill.

Your Committee has amended this bill by changing the effective date to July 1, 2020, to encourage further discussion.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 3030, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 3030, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT TAKAMINE, Chair