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HI SB2433

Bill

Status

Engrossed

3/6/2026

Primary Sponsor

Carol Fukunaga

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Expands the Condominium Education Trust Fund to include educational resources for unit owners on association operations, reserve requirements, financial obligations, and governance rights.

  • Requires the Real Estate Commission to ensure condominium unit owners are represented in any advisory committee, stakeholder group, or task force convened for condominium law review, policy development, education program design, rulemaking, or dispute resolution evaluation.

  • Mandates the Real Estate Commission adopt rules protecting condominium unit owner rights in governance matters and commission programs funded by the trust fund.

  • Applies to Hawaii's nearly 200,000 condominium units, recognizing that owners directly bear financial consequences of governance decisions including special assessments, maintenance fees, and reserve funding.

  • Effective date of July 1, 2050.

Legislative Description

Relating To Condominiums.

Condominiums

Last Action

Referred to CPC, FIN, referral sheet 16

3/10/2026

Committee Referrals

Consumer Protection & Commerce3/10/2026
Ways and Means2/20/2026
Commerce and Consumer Protection1/28/2026

Full Bill Text

No bill text available