STAND. COM. REP. NO. 410-20

Honolulu, Hawaii

, 2020

RE: H.B. No. 2316

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 Consumer Protection & Commerce, to which was referred H.B. No. 2316, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE CONTRACTORS RECOVERY FUND,"

begs leave to report as follows:

The purpose of this measure is to increase the monetary amount an injured homeowner may recover from the Contractors Recovery Fund and the maximum amount of liability that may be recovered from the fund per licensed contractor.

Your Committee received testimony in support of this measure from the Contractors License Board and two individuals. Your Committee received comments on this measure from the Subcontractors Association of Hawaii.

Your Committee finds that the Contractors Recovery Fund provides financial assistance to homeowners injured by the act, representation, transaction, or conduct of a licensed contractor. This measure will increase the amount of relief an injured homeowner can recover.

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2316, H.D. 1, and recommends that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

____________________________

ROY M. TAKUMI, Chair