SB 1601

  • Hawaii Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Mar 04, 2025
  • Passed Senate Mar 04, 2025
  • House
  • Governor

Relating To Condominiums.

Abstract

Establishes within the Hawaii Green Infrastructure Authority the Condominium Loan Program to provide qualified condominium associations with low-cost financing or refinancing on previously obtained loans for maintenance or repair projects. Limits loan terms to 20 years and prohibits any new loans after 6/30/2047. Establishes the Condominium Loan Loss Reserves Program to incentivize community development financial institutions into providing loans at competitive rates and terms to condominium associations for the purpose of allowing condominium associations to make necessary maintenance or repairs. Requires annual reports to the Legislature. Appropriates funds into and out of the Condominium Loan Revolving Fund. Effective 7/1/2050. Repeals 06/30/2047. (SD2)

Bill Sponsors (1)

Votes


Actions


Mar 06, 2025

House

Referred to CPC, FIN, referral sheet 19

  • Referral-Committee
Consumer Protection & Commerce Finance

House

Pass First Reading

Mar 04, 2025

House

Received from Senate (Sen. Com. No. 376) in amended form (SD 2).

Senate

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

Feb 28, 2025

Senate

48 Hrs. Notice 03-04-25.

Senate

Reported from WAM/JDC (Stand. Com. Rep. No. 889) with recommendation of passage on Third Reading, as amended (SD 2).

Feb 19, 2025

Senate

The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 4 Aye(s): Senator(s) Rhoads, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Gabbard.

Senate

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: Senator(s) Inouye ; 0 No(es): none; and 0 Excused: none.

Feb 14, 2025

Senate

The committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.

Senate

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.

  • Reading-2
  • Referral-Committee
Ways and Means Judiciary

Senate

Reported from CPN/EDT (Stand. Com. Rep. No. 639) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

Feb 11, 2025

Senate

The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

Senate

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.

Feb 07, 2025

Senate

The committee(s) on CPN/EDT deferred the measure until 02-11-25 1:06PM; Conference Room 229 & Videoconference.

Feb 05, 2025

Senate

The committee(s) on CPN/EDT deferred the measure until 02-07-25 10:01AM; Conference Room 229.

Jan 31, 2025

Senate

The committee(s) on CPN/EDT has scheduled a public hearing on 02-05-25 9:45AM; Conference Room 229 & Videoconference.

Jan 27, 2025

Senate

Referred to CPN/EDT, WAM/JDC.

  • Referral-Committee
Commerce and Consumer Protection Economic Development and Tourism Ways and Means Judiciary

Senate

Passed First Reading.

Jan 23, 2025

Senate

Introduced.

Bill Text

Bill Text Versions Format
SB1601_SD2 PDF HTML
SB1601_SD1 PDF HTML
SB1601 PDF HTML

Related Documents

Document Format
No related documents.

Sources

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