STAND. COM. REP. NO.  1004

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1590

      H.D. 3

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1590, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO EMINENT DOMAIN,"

begs leave to report as follows:

     The purpose of this bill is to allow authorities exercising the power of eminent domain to offer to resell condemned property that:

     (1)  Is not used for the condemned purpose after five years         have elapsed; or

     (2)  Ceases to be used for the purpose for which it was             condemned,

to the former owner for the lesser of:

     (1)  The current appraised value; or

     (2)  The condemnation price plus the cost of environmental              remediation or cleanup or other improvements.

     Kamehameha Schools and the Hawaii Association of Realtors testified in support of this bill.  The National Federation of Independent Businesses in Hawaii supported the intent of this measure.

     Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

     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. 1590, H.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1590, H.D. 3.

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

____________________________

MARCUS R. OSHIRO, Chair