STAND. COM. REP. NO. 2101

Honolulu, Hawaii

, 2019

RE: S.B. No. 1190

S.D. 2

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1190, S.D. 2, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO LEASEHOLD CONDOMINIUMS ON LANDS CONTROLLED BY THE STATE,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Authorize the Hawaii Housing Finance and Development Corporation (HHFDC) to enter into maximum 99-year leases with qualified residents for units in condominiums developed on state land;

(2) Exempt from the definition of "public land," state lands set aside by the Governor for HHFDC or state lands leased to HHFDC and upon which leasehold condominium units are developed; and

(3) Require legislative approval for the sale or gift of such lands upon which leasehold condominium units are developed.

HHFDC, Hawaii Kai Homeless Task Force, Building Industry Association of Hawaii, Land Use Research Foundation of Hawaii, and The Chamber of Commerce Hawaii testified in support of this measure. The Office of Hawaiian Affairs provided comments on this measure.

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 S.B. No. 1190, S.D. 2, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair