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HI HB1565
Bill
Status
Engrossed
2/29/2024
Primary Sponsor
David Tarnas
Click for details
AI Summary
- Exempts homeowner-developers from filing subsequent annual reports and paying the associated $50 annual fee under Hawaii Revised Statutes Chapter 514B if their development meets specific criteria
- Applies only to developments with not more than two units where one unit is the principal residence of the developer and the initial sale of the other unit has been completed
- Requires developers to file one annual report notifying that initial sales have been completed before the exemption takes effect
- Takes effect July 1, 2040
Legislative Description
Relating To Condominiums.
Condominiums
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/22/2024
Committee Referrals
Ways and Means3/22/2024
Commerce and Consumer Protection3/7/2024
Finance2/7/2024
Consumer Protection & Commerce1/24/2024
Full Bill Text
No bill text available