CONFERENCE COMMITTEE REP. NO. 129-24

 

Honolulu, Hawaii

                 , 2024

 

RE:    H.B. No. 2641

       H.D. 1

       S.D. 1

       C.D. 1

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

 

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

 

Sirs:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2641, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO APPRAISAL MANAGEMENT COMPANIES,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this measure is to:

 

     (1)  Reestablish the Appraisal Management Company Registration Program within the Department of Commerce and Consumer Affairs, to begin September 1, 2024; and

 

     (2)  Appropriate funds from the Compliance Resolution Fund for the Program.

 

     Your Committee on Conference has amended this measure by:

 

     (1)  Appropriating $23,000 out of the Compliance Resolution Fund for fiscal years 2023-2024 and 2024-2025 to the Department of Commerce and Consumer Affairs to implement the Appraisal Management Company Registration Program;

 

     (2)  Changing the effective date to upon approval; and

 

     (3)  Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2641, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2641, H.D. 1, S.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

 

ON THE PART OF THE HOUSE

 

____________________________

JARRETT KEOHOKALOLE

Chair

 

____________________________

SCOT Z. MATAYOSHI

Co-Chair

____________________________

CHRIS LEE

Co-Chair

 

____________________________

MARK M. NAKASHIMA

Co-Chair

 

 

____________________________

ANDREW GARRETT

Co-Chair