STAND. COM. REP. NO.  847

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 1431

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1431 entitled:

"A BILL FOR AN ACT RELATING TO COVENANTS,"

begs leave to report as follows:

     The purpose of this bill is to allow a county council to adopt ordinances or rules, including the adoption of penalties, to enforce covenants that run with the land that impose standards regarding use, maintenance, landscaping, and setbacks.

     Several concerned individuals supported this bill.  A concerned individual submitted comments.

     Your Committee has amended this measure by changing its effective date to July 1, 2030, 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. 1431, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1431, H.D. 1.

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

____________________________

MARCUS R. OSHIRO, Chair