STAND. COM. REP. NO. 947-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 1874

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1874, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

The purpose of this measure is to encourage alternative dispute resolution to resolve condominium disputes by authorizing the use of the Condominium Education Trust Fund to subsidize voluntary binding arbitration and expanding the scope of issues for which the Trust Fund may be used to subsidize mandatory or voluntary mediation.

The Hawaii Council of Associations of Apartment Owners, Associa, Community Associations Institute, and two concerned individuals supported this measure. Hui ‘Oia‘i‘o and a concerned individual opposed this measure. The Hawaii Real Estate Commission provided comments.

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. 1874, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair