HI HB117 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Introduced and Pass First Reading.
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Introduced and Pass First Reading.
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that a condominium board's or its officer's or member's failure to maintain the minimum required balance for a condominium's replacement reserves fund may constitute a violation of the fiduciary duty owed. Establishes a minimum balance for a condominium association's replacement reserves fund, with an exception for sufficient assessments. Effective 9/1/2025.
Title
Relating To Condominiums.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-16 | House | Introduced and Pass First Reading. |
| 2025-01-14 | House | Prefiled. |
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=117&year=2025 |
| Text | https://www.capitol.hawaii.gov/sessions/session2025/bills/HB117_.HTM |
