STAND. COM. REP. NO.  1005-14

Honolulu, Hawaii

                , 2014

RE:   S.B. No. 2477

      S.D. 1

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 S.B. No. 2477, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO LAND COURT,"

begs leave to report as follows:

The purpose of this measure is to authorize the use of a master certificate of title for common interest communities, which will permit certificates of title for individual units to incorporate by reference the encumbrances on the master certificate of title.

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

     Your Committee notes that concerns were raised in testimony on how the proposed measure would function in practice, especially in terms of procedures as they relate to individual certificates, new owner recordation, and tie-ins with the master certificate.

     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 S.B. No. 2477, S.D. 1, and recommends that it pass Second Reading and be referred to the Committees on Consumer Protection & Commerce and Judiciary.

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

____________________________

CINDY EVANS, Chair