STAND. COM. REP. NO.  564-10

Honolulu, Hawaii

                , 2010

RE:   H.B. No. 1927

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1927, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO OWNER-BUILDERS,"

begs leave to report as follows:

     The purpose of this bill is to provide relief to owner-builders in this depressed and difficult economy by:

     (1)  Allowing the sale or lease of a home within the one year period following completion of the project if such a sale or lease was necessitated by an unforeseen hardship;

     (2)  Exempting small construction jobs from the contractor's licensing requirements provided the cost of the work is less than $10,000 as reflected in the building permit; and

     (3)  Establishing fines for failure to comply with the disclosure statement requirements.

     The Hawaii Association of REALTORS testified in support of this bill.  The Regulated Industries Complaints Office of the Department of Commerce and Consumer Affairs and Contractors License Board provided comments.

     Your Committee has amended this bill by:

     (1)  Changing the effective date to July 1, 2020, to encourage further discussion; and

     (2)  Making technical, nonsubstantive amendments for consistency, clarity, 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. 1927, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1927, H.D. 2.

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

____________________________

MARCUS R. OSHIRO, Chair