HawaiiRELATING TO THE STABILIZATION OF PROPERTY INSURANCE.
What it does
Expands the powers of the Hawaii Property Insurance Association and reactivates the Hawaii Hurricane Relief Fund to help stabilize the property insurance market in the State. Establishes the Condominium Loan Program and the Condominium Loan Revolving Fund, to be administered by the Hawaii Green Infrastructure Authority on behalf of the Department of Business, Economic Development, and Tourism, for the purpose of providing financing for essential repairs and deferred maintenance to condominium associations. Abolishes the Condominium Loan Revolving Fund on 6/30/2047.
More detail
Establishes the Condominium Loan Loss Reserves Program to incentivize lenders to provide loans at competitive rates and terms to allow condominium associations to make necessary maintenance and repairs. Requires the Insurance Commissioner to conduct a study to develop long-term solutions to help stabilize the property insurance market in the State. Requires reports to the Legislature. Authorizes the issuance of reimbursable general obligation bonds to facilitate the initial issuance of policies to condominium associations. Appropriates funds. (CD1)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jul 7Act 296, 07/07/2025 (Gov. Msg. No. 1407).Latest
- Jul 7Act 296, on 07/07/2025 (Gov. Msg. No. 1407).Major
- May 2Received notice of passage on Final Reading in House (Hse. Com. No. 821).Minor
- May 2Enrolled to Governor.To Governor
- May 1Received notice of Final Reading (Sen. Com. No. 888).Minor
- Apr 30Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
- Apr 30Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).Major
- Apr 25Conference committee meeting to reconvene on 04-25-25 3:50 PM; Conference Room 224.
- Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
- Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Apr 25The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Keohokalole, Moriwaki, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.Minor
- Apr 25The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 5 Ayes: Representative(s) Matayoshi, Yamashita, Chun, Tam, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
- Apr 25Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 206).
- Apr 2548 Hrs. Notice (as amended CD 1) 04-30-25.
- Apr 25Reported from Conference Committee (Conf Com. Rep. No. 206) as amended in (CD 1).
- Apr 25Forty-eight (48) hours notice Wednesday, 04-30-25.
- Apr 24Conference committee meeting to reconvene on 04-25-25 1:30PM; Conference Room 224.
- Apr 23Conference Committee Meeting will reconvene on Thursday 04-24-25 1:30PM in conference room 224.
- Apr 22Conference committee meeting to reconvene on 04-23-25 1:31PM; Conference Room 224.
- Apr 21Conference committee meeting scheduled for 04-22-25 1:30PM; Conference Room 224.
- Apr 17Senate Conferees Appointed: Keohokalole Chair; Moriwaki Co-Chair; Fukunaga, McKelvey, Awa.
- Apr 17Received notice of Senate conferees (Sen. Com. No. 829).Minor
- Apr 15Received notice of appointment of House conferees (Hse. Com. No. 731).Minor
- Apr 14House Conferees Appointed: Matayoshi, Yamashita Co-Chairs; Chun, Tam, Pierick.
- Apr 10Received from House (Hse. Com. No. 669).Minor
- Apr 10Senate disagrees with House amendments.Minor
- Apr 10Received notice of disagreement (Sen. Com. No. 779).Minor
- Apr 8Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Marten excused (2). Transmitted to Senate.Passed House
- Apr 4Reported from FIN (Stand. Com. Rep. No. 2010) as amended in HD 2, recommending passage on Third Reading.
- Apr 4Forty-eight (48) hours notice Tuesday, 04-08-25.
- Mar 31The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward.Minor
- Vote recorded The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Mar 28Bill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
- Mar 18Reported from CPC (Stand. Com. Rep. No. 1298) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
- Mar 18Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).Minor
- Mar 12The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Kong, Marten, Tam, Pierick; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.Minor
- Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Mar 10Bill scheduled to be heard by CPC on Wednesday, 03-12-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
- Mar 6Pass First ReadingMinor
- Mar 6Referred to CPC, FIN, referral sheet 19Minor
- Mar 4Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
- Vote recorded Report adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
- Mar 4Received from Senate (Sen. Com. No. 247) in amended form (SD 2).Minor
- Feb 27Reported from WAM (Stand. Com. Rep. No. 730) with recommendation of passage on Third Reading, as amended (SD 2).
- Feb 2748 Hrs. Notice 03-04-25.
- Feb 12The 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, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
- Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 10The committee(s) on WAM will hold a public decision making on 02-12-25 10:01AM; Conference Room 211 & Videoconference.
- Feb 7Reported from CPN (Stand. Com. Rep. No. 88) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
- Feb 7Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Jan 31The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.Minor
- Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Jan 24The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.
- Jan 23Referred to CPN, WAM.Minor
- Jan 21Passed First Reading.Minor
- Jan 17Introduced.Introduced