STAND. COM. REP. NO.  80-12

Honolulu, Hawaii

                , 2012

RE:   H.B. No. 1830

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Economic Revitalization & Business, to which was referred H.B. No. 1830 entitled:

"A BILL FOR AN ACT RELATING TO ARBITRATION,"

begs leave to report as follows:

The purpose of this measure is to establish a process by which licensed or certified, unbiased real estate appraisers are used for arbitration proceedings to determine the fair market value, fair market rental, or fair and reasonable rent of real property.

Numerous individuals testified in support of this measure.  The Department of Commerce and Consumer Affairs, Hawaii Reserves Incorporated, Hawaii Chapter of the Appraisal Institute, W.H. Shipman Limited, and Land Use Research Foundation of Hawaii testified in opposition to this measure.

     Your Committee has amended this measure by:

     (1)  Adding a definition for "unbiased"; and

     (2)  Changing the effective date to July 1, 2112, to encourage further discussion.

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1830, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1830, H.D. 1, and be referred to the Committees on Consumer Protection & Commerce and Judiciary.

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,

____________________________

ANGUS L.K. McKELVEY, Chair