Bill Text: HI HB2313 | 2024 | Regular Session | Amended
Bill Title: Relating To Condominiums.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2024-03-22 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. [HB2313 Detail]
Download: Hawaii-2024-HB2313-Amended.html
HOUSE OF REPRESENTATIVES |
H.B. NO. |
2313 |
THIRTY-SECOND LEGISLATURE, 2024 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO CONDOMINIUMS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"SECTION 5. The department of commerce and consumer
affairs professional and vocational licensing division's budget ceiling shall
be amended to reflect the additional annual condominium education trust fund
fee required by section 514B‑72(a)(2),
Hawaii Revised Statutes, and paid into the condominium education trust fund,
established by section 514B‑71,
Hawaii Revised Statutes. On June 30 of every
odd-numbered year, any unexpended additional amounts paid into the condominium
education trust fund and initially dedicated to supporting mediation or
voluntary binding arbitration[, until June 30, 2023,] of condominium
related disputes, as required by section 514B‑72(a)(2), Hawaii Revised Statutes, shall be used
for educational purposes as provided in section 514B-71(a)(1), (2), and (3),
Hawaii Revised Statutes."
SECTION 2. Statutory material to be repealed is bracketed and stricken.
SECTION 3. This Act shall take effect on July 1, 2040.
Report Title:
Condominiums; Alternative Dispute Resolution; Binding Arbitration; Mediation; Condominium Education Trust Fund; Allowed Uses; Cutoff Date; Repeal
Description:
Repeals the cutoff date of Act 196, SLH 2018, that allowed the use of funds in the Condominium Education Trust Fund initially dedicated to support voluntary binding arbitration to be used for other educational purposes. Takes effect 7/1/2040. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.