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HI HB276
Bill
Status
1/17/2025
Primary Sponsor
David Tarnas
Click for details
AI Summary
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Exempts homeowner-developers from filing subsequent annual developer reports if their condominium development consists of no more than two units.
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Requires the developer to reside in one unit as their principal place of residence and the initial sale of the other unit must be completed before exemption applies.
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Eliminates the $50 annual filing fee requirement for developers meeting these criteria.
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Amends Section 514B-58 of the Hawaii Revised Statutes to add these exemption conditions.
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Effective date: July 1, 3000.
Legislative Description
Relating To Condominiums.
Condominiums
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Ward excused (1).
2/6/2025