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HI HB244
Bill
Status
1/20/2017
Primary Sponsor
Angus McKelvey
Click for details
AI Summary
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Repeals chapter 514A, Hawaii Revised Statutes, which governed condominium property regimes created before July 1, 2006, consolidating all condominium law under chapter 514B.
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Clarifies that chapter 514B applies to all condominiums in Hawaii, provided application does not invalidate existing provisions in governing documents or reserved developer rights.
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Removes references to chapter 514A throughout the Hawaii Revised Statutes in sections covering taxation, real estate, licensing, land registration, and condominium-related matters.
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Requires developers of pre-July 1, 2006 condominium projects not yet brought to market to register and sell by January 1, 2019, or transition to chapter 514B governance.
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Takes effect July 1, 2112; condominiums formerly under chapter 514A transition to chapter 514B without additional costs or filing requirements.
Legislative Description
Relating To Condominiums.
Condominiums
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on JUD with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017