STAND. COM. REP. NO. 716

Honolulu, Hawaii

RE:    S.B. No. 1107

       S.D. 2

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 1107, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

     The purpose of this measure is to merge the Condominium Management Education Fund and the Condominium Education Trust Fund.

     Your Committee finds that the Condominium Management Education Fund and the Condominium Education Trust Fund require the Real Estate Commission to administer two separate education funds causing a duplication of effort and a waste of time, money, and resources.  This measure resolves the inadvertent retention of both funds by repealing the Condominium Management Education Fund and retaining the Condominium Education Trust Fund.

     Your Committee has amended the measure by making technical nonsubstantive amendments for purposes of clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1107, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1107, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DONNA MERCADO KIM, Chair