STAND. COM. REP. NO. 1698

Honolulu, Hawaii

, 2021

RE: S.B. No. 1104

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1104, 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 increase the maximum amount of liability that may be recovered from the Contractors Recovery Fund per licensed contractor.

Your Committee received testimony in support of this measure from the Contractors License Board. Your Committee received testimony in opposition to this measure from Mark Development, Inc.; Building Industry Association of Hawaii; General Contractors Association of Hawaii; CC Engineering and Construction, Inc.; Statewide General Contracting and Construction, Inc.; and four individuals. Your Committee received comments on this measure from the Subcontractors Association of Hawaii and one individual.

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. 1104, 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