HI HCR178

Urges the Real Estate Commission's Condominium Review Committee and Ad Hoc Committee on Condominium Education and Research to create curriculum for condominium association board members.

Curriculum shall cover understanding governing documents, director fiduciary duty, board code of conduct, conflicts of interest, business judgment rule, and confidentiality of executive session matters.

Training must be offered annually in each county, made available by video to the public, and promoted to condominium associations paying into the Condominium Education Trust Fund.

Funding for curriculum development and dissemination shall come from the Condominium Education Trust Fund, which had a balance of over $2,000,000 as of June 30, 2018.

Hawaii has over 1,000 condominium associations with approximately 10,000 volunteer board members managing over $30 billion in assets for 350,000 residents.