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HI SB2726

Bill

Status

Passed

5/31/2024

Primary Sponsor

Carol Fukunaga

Click for details

Origin

Senate

2024 Regular Session

AI Summary

  • Requires the Legislative Reference Bureau to study how six states (California, Delaware, Florida, Massachusetts, Nevada, and other relevant jurisdictions) approach condominium regulation including ombudsman positions, management licensing, dispute resolution, governmental oversight, owner education, and document access.

  • Study must include descriptive information about each jurisdiction's approach, identified strengths and weaknesses, and best practices for each subject area.

  • Legislative Reference Bureau must submit the report to the legislature and condominium property regime task force no later than twenty days before the 2026 regular legislative session.

  • Extends the condominium property regime task force's final report deadline and cessation date from June 30, 2025 to June 30, 2026.

  • Appropriates $200,000 from general revenues for fiscal year 2024-2025 and $150,000 from the condominium education trust fund for the study, with funds transferred by the real estate commission to the Legislative Reference Bureau.

Legislative Description

Relating To Condominiums.

Appropriations ($)

Last Action

Act 043, 05/30/2024 (Gov. Msg. No. 1143).

5/31/2024

Committee Referrals

Finance3/22/2024
Consumer Protection & Commerce3/7/2024
Ways and Means2/14/2024
Commerce and Consumer Protection1/24/2024

Full Bill Text

No bill text available