STAND. COM. REP. NO.  676

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1389

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Water, Land, Ocean Resources & Hawaiian Affairs, to which was referred H.B. No. 1389 entitled:

"A BILL FOR AN ACT RELATING TO TIME SHARES IN LAND COURT,"

begs leave to report as follows:

     The purpose of this bill is to streamline the registration process and remove the administrative burden of issuing certificate of titles for each time-share interest registered in the land court system.  This bill provides for the deregistration of time-share interests in fee simple from the land court system. 

     The Department of Land and Natural Resources, ARDA-Hawaii, Hawaii Land Title Association, Wyndham Worldwide, Old Republic Title & Escrow of Hawaii, Ltd., and Title Guaranty of Hawaii, Inc. testified in support of this bill.  Many concerned individuals opposed this measure.  The Judiciary provided comments.

     As affirmed by the record of votes of the members of your Committee on Water, Land, Ocean Resources & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1389 and recommends that it pass Second Reading and be referred to the Committees on Consumer Protection & Commerce and Judiciary.

Respectfully submitted on behalf of the members of the Committee on Water, Land, Ocean Resources & Hawaiian Affairs,

____________________________

KEN ITO, Chair