Bill Text: HI SB2020 | 2010 | Regular Session | Amended
Bill Title: Real Property; Leasehold; Lease Rent Renegotiation
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Vetoed) 2010-07-06 - (S) Vetoed on 07-06-10 - Returned from the Governor without approval (Gov. Msg. No. 667). [SB2020 Detail]
Download: Hawaii-2010-SB2020-Amended.html
STAND. COM. REP. NO. 2399
Honolulu, Hawaii
RE: S.B. No. 2020
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fifth State Legislature
Regular Session of 2010
State of Hawaii
Madam:
Your Committee on Judiciary and Government Operations, to which was referred S.B. No. 2020 entitled:
"A BILL FOR AN ACT RELATING TO REAL PROPERTY,"
begs leave to report as follows:
The purpose of this measure is to maintain a fair and reasonable standard for lease provisions in long term industrial and commercial ground leases by extending the effective date of Act 189, Session Laws of Hawaii 2009, to June 30, 2015.
Your Committee finds that the conditions that prompted the passage of Act 189, Session Laws of Hawaii 2009, still exist today. The solvency and continued profitability of small businesses remain essential to the economic stability of the State. Since the purpose of Act 189, to alleviate the economic burden on lessees of certain commercial and industrial properties by removing barriers to free and fair rent negotiations, remains relevant in the current economic climate, your Committee finds that the extension of Act 189's effective date contained in this measure is necessary for the economic stability of the State.
As affirmed by the record of votes of the members of your Committee on Judiciary and Government Operations that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2020 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Judiciary and Government Operations,
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____________________________ BRIAN T. TANIGUCHI, Chair |
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