STAND. COM. REP. NO. 702-20

Honolulu, Hawaii

, 2020

RE: H.B. No. 2195

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2195, 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 relieve condominium developers whose development consists of up to two units, one of which is the developer's residence and the other of which has been initially sold, from the burden of annually filing or updating the developer's public report and paying annual fees.

Your Committee received testimony in support of this measure from Associa and two individuals. Your Committee received comments on this measure from the Real Estate Commission.

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. 2195, 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