STAND. COM. REP. NO. 483

Honolulu, Hawaii

, 2019

RE: H.B. No. 777

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred H.B. No. 777, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO RECORDATION TRANSACTION FEES,"

beg leave to report as follows:

The purpose of this measure is to:

(1) Expand the application of the transaction fee established by Act 120, Session Laws of Hawaii 2009 to all services rendered by the Bureau of Conveyances and the Land Court and authorize use of proceeds for modernization of records and operations of both agencies; and

(2) Amend the automatic repeal of the transaction fee by specifying that the fee shall be repealed by the adoption of applicable administrative rules, or July 1, 2022, whichever occurs first.

The Department of Land and Natural Resources testified in support of this bill.

As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 777, H.D. 1, and recommend that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,

____________________________ CHRIS LEE, Chair

____________________________ ROY M. TAKUMI, Chair