Rep. Gene Ward Addresses SB505 – Condominiums


RELATING TO CONDOMINIUMS. Report Title: Condominiums; Condominium Education Trust Fund; Mediation ($) Description: Adds support for mediation of condominium related disputes as one of the educational purposes supported by the condominium education trust fund. Beginning with the July 1, 2015, biennium registration, imposes an additional annual condominium education trust fund fee dedicated to supporting mediation of condominium related disputes. Specifies the total fee payable into the condominium education trust fund. Requires the real estate commission to make adjustments to the condominium education trust fund to ensure adequate funds are available for mediation of condominium related disputes and any mediation requests are fully accommodated prior to the commencement of the additional annual condominium education trust fund fee. Effective July 1, 2050. (SB505 HD1)

4/4/2013 H Passed Third Reading with Representative(s) Har voting aye with reservations; Representative(s) Fale, Fukumoto, McDermott, Ward voting no (4) and Representative(s) Cabanilla excused (1). Transmitted to Senate.


Contact: repward@capitol.hawaii.gov Excerpt from Capitol TV

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