HI SB1299

Allows charter tour operators to maintain client trust accounts in federally insured financial institutions outside of Hawaii, rather than requiring all accounts to be located within the state.

Requires charter tour operators with out-of-state client trust accounts to file a written irrevocable agreement with the Department of Commerce and Consumer Affairs authorizing the department to examine and obtain copies of all business records related to the client trust account.

Maintains compliance with existing trust account requirements in sections 468L-5 and 468L-24 for charter tour operators choosing this option.

Takes effect on July 1, 2090.