S.B. 694 Summary

• Requires purchasers or transferees to execute a sea level rise hazard exposure statement with every sale or transfer of real property in Hawaii effective November 1, 2019.

• The statement must acknowledge that the purchaser or transferee has reviewed the appropriate sea level rise hazard exposure map and accepts risks associated with climate-related exposure to the property.

• Addresses Hawaii's vulnerability to coastal erosion, flooding from tsunamis and storms, and sea level rise, which affect 70 percent of beaches on Oahu, Maui, and Kauai.

• Aims to inform new property owners and transferees of special hazards, permitting requirements, and limitations that may affect oceanfront and other climate-vulnerable properties.