HI HB972

Authorizes boards of directors of condominium associations and planned community associations in zoning districts that allow transient vacation rentals to assess impact fees on owners/members who use their units as short-term rentals

Impact fee revenue must be used for maintenance and repair of common areas/elements, enhanced security measures (surveillance, personnel), administrative costs for monitoring vacation rentals, and association insurance costs

Requires boards to notify affected unit owners of the fee structure at least 30 days before assessment and establish clear procedures for fee assessment, collection, and use through board resolution

Decisions on whether to assess impact fees must be included on the agenda for annual meetings or specially noticed association meetings

Effective July 1, 3000 (placeholder date)