Bill Text: HI HB24 | 2013 | Regular Session | Amended
Bill Title: Condominiums; Condominium Education Trust Fund
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2013-03-07 - Referred to CPN, WAM. [HB24 Detail]
Download: Hawaii-2013-HB24-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
24 |
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TWENTY-SEVENTH LEGISLATURE, 2013 |
H.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO CONDOMINIUMS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that mediation is an informal, inexpensive, and confidential process for resolving disputes quickly. Mediation may be particularly advantageous in a condominium setting because of the potential to preserve or to restore harmony within a condominium community.
The legislature further finds that fees paid into the condominium education trust fund come entirely from condominium owners. Dedicating a portion of the fund to support the mediation of condominium related disputes will benefit condominium owners and associations.
The purpose of this Act is to specify that a percentage of fees paid into the condominium education trust fund shall be used to support mediation of condominium related disputes.
SECTION 2. Section 514B-71, Hawaii Revised Statutes, is amended to read as follows:
"[[]§514B-71[]]
Condominium education trust fund. (a) The commission shall establish a
condominium education trust fund that the commission [may]:
(1) May
use for educational purposes[. Educational purposes], which
shall include financing or promoting:
[(1)] (A) Education and research in
the field of condominium management, condominium project registration, and real
estate, for the benefit of the public and those required to be registered under
this chapter;
[(2)] (B) The improvement and more
efficient administration of associations; and
[(3)] (C) Expeditious and inexpensive
procedures for resolving association disputes[.]; and
(2) Shall use to support mediation of condominium-related disputes; provided that an amount equal to $ multiplied by the number of registered condominium units in Hawaii per year shall be allocated annually for the payment of mediation services for the benefit of condominium owners and associations in condominium-related disputes.
(b) The commission [may] shall
use any and all moneys in the condominium education trust fund for purposes
consistent with subsection (a)."
SECTION 3. Section 514B-72, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Each project or association with
more than five units, including any project or association with more than five
units subject to chapter 514A, shall pay to the department of commerce and
consumer affairs a condominium education trust fund fee within one year after the
recordation of the purchase of the first unit or within thirty days of the
association's first meeting, and thereafter, on or before June 30 of every
odd-numbered year[, as prescribed by rules adopted pursuant to chapter 91].
The fee shall be an amount equal to
$ per registered condominium
unit to support the mediation of condominium-related disputes, pursuant to
section 514B-71(a); provided that the fee may be increased by the commission by
rules adopted pursuant to chapter 91."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 2030.
Report Title:
Condominiums; Condominium Education Trust Fund
Description:
Specifies that a percentage of fees paid into the condominium education trust fund shall be used to support mediation of condominium related disputes. Effective July 1, 2030. (HB24 HD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
