STAND. COM. REP. NO.  197-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2044

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Water & Land, to which was referred H.B. No. 2044 entitled:

"A BILL FOR AN ACT RELATING TO BUREAU OF CONVEYANCES,"

begs leave to report as follows:

The purpose of this measure is to amend Act 119, Session Laws of Hawaii 2013 (Act 119), relative to the voluntary deregistration of fee non-time share interests registered in the land court system.  Specifically, this measure:

     (1)  Extends the sunset date of Act 119 for an additional two years; and

     (2)  Further clarifies the procedures taken after a certificate of title for a fee time share interest is deregistered and marked canceled by the assistant registrar.

The Department of Land and Natural Resources and an individual testified in support of this measure.  The Judiciary provided comments.

     As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2044 and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Water & Land,

____________________________

CINDY EVANS, Chair