HI SB3234 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Engrossed on March 5 2024 - 50% progression
Action: 2024-04-22 - Received notice of appointment of House conferees (Hse. Com. No. 791).
Text: Latest bill text (Amended) [HTML]

Summary

Amends the laws relating to the Hawaii Hurricane Relief Fund and Hawaii Property Insurance Association by: imposing a different transient accommodation tax rate for transient vacation rentals, a property insurance surcharge on conveyance tax, and a temporary property insurance stabilization fee on real property transactions to capitalize the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund; expanding the statutory authorization for the Hawaii Property Insurance Association to issue property insurance for certain condominiums and amending the designated geographic area eligible for coverage to specifically include lava zones 1 and 2; mandating that the Hawaii Hurricane Relief Fund and Hawaii Property Insurance Association be insurers of last resort; requiring Hawaii Property Insurance Association member insurers and licensed property and casualty insurers to recoup assessment costs paid into the Hawaii Property Insurance Association and the Hawaii Hurricane Relief Fund through a surcharge on premiums; requiring coverage limits and deductibles and fund capitalization amounts for licensed property and casualty insurers to be established in a plan of operation for the Hawaii Hurricane Relief Fund, subject to approval by the Insurance Commissioner; and reinstating the special mortgage recording fee to capitalize the Hawaii Hurricane Relief Fund. Appropriates moneys as a loan to the Hawaii Hurricane Relief Fund to assist it in becoming sufficiently capitalized and other purposes. Authorizes the issuance of general obligation bonds and appropriates bond revenues as a loan to the Hawaii Hurricane Relief Fund to assist it in becoming sufficiently capitalized and other purposes. Effective 7/1/3000. (HD2)

Tracking Information

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Title

Relating To The Stabilization Of Property Insurance.

Sponsors


Roll Calls

2024-03-01 - Senate - Senate Ways and Means: Passed, Unamended (Y: 11 N: 0 NV: 0 Abs: 2) [PASS]
2024-03-01 - Senate - Senate Judiciary: Passed, Unamended (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-14 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-14 - Senate - Senate Energy, Economic Development, and Tourism: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-04-22SenateReceived notice of appointment of House conferees (Hse. Com. No. 791).
2024-04-19HouseReceived notice of Senate conferees (Sen. Com. No. 726).
2024-04-19HouseHouse Conferees Appointed: Sayama, Yamashita Co-Chairs; Morikawa, Tam, Pierick.
2024-04-19SenateSenate Conferees Appointed: Keohokalole Chair; DeCoite, Wakai, Rhoads, Fukunaga Co-Chairs; Awa.
2024-04-11HouseReceived notice of disagreement (Sen. Com. No. 673).
2024-04-11SenateSenate disagrees with House amendments.
2024-04-11SenateReceived from House (Hse. Com. No. 728).
2024-04-09HousePassed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.
2024-04-05HouseForty-eight (48) hours notice Tuesday, 04-09-24.
2024-04-05HouseReported from FIN (Stand. Com. Rep. No. 1833-24) as amended in HD 2, recommending passage on Third Reading.
2024-04-03HouseThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Cochran, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.
2024-04-03HouseBill scheduled for decision making on Wednesday, 04-03-24 2:30PM in conference room 308 VIA VIDEOCONFERENCE.
2024-04-02HouseThe committee(s) on FIN recommend(s) that the measure be deferred until 04-03-24.
2024-03-29HouseBill scheduled to be heard by FIN on Tuesday, 04-02-24 2:30PM in House conference room 308 VIA VIDEOCONFERENCE.
2024-03-22HousePassed 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) Martinez, Nakashima, Quinlan excused (3).
2024-03-22HouseReported from CPC (Stand. Com. Rep. No. 1338-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2024-03-20HouseThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Sayama, Amato, Belatti, Hashem, Gates, Onishi, Pierick; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Nakashima, Hussey-Burdick, Lowen, Tam.
2024-03-18HouseBill scheduled to be heard by CPC on Wednesday, 03-20-24 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2024-03-07HouseReferred to CPC, FIN, referral sheet 16
2024-03-07HousePass First Reading
2024-03-05HouseReceived from Senate (Sen. Com. No. 307) in amended form (SD 1).
2024-03-05SenateReport Adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: Senator(s) Fukunaga, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2024-03-01SenateOne Day Notice 03-05-24.
2024-03-01SenateReported from WAM/JDC (Stand. Com. Rep. No. 3045) with recommendation of passage on Third Reading.
2024-03-01SenateThe committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Elefante, Awa; Aye(s) with reservations: Senator(s) San Buenaventura ; 0 No(es): none; and 0 Excused: none.
2024-03-01SenateThe committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kidani, Kim, Lee, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kanuha, Shimabukuro.
2024-02-27SenateThe committee(s) on WAM/JDC will hold a public decision making on 03-01-24 10:31AM; Conference Room 211 & Videoconference.
2024-02-16SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2024-02-16SenateReported from CPN/EET (Stand. Com. Rep. No. 2626) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
2024-02-14SenateThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, McKelvey, Richards, Awa; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 0 Excused: none.
2024-02-14SenateThe committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Kim; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
2024-02-13SenateThe committee(s) on CPN/EET deferred the measure until 02-14-24 9:46AM; Conference Room 229.
2024-02-07SenateThe committee(s) on CPN/EET deferred the measure until 02-13-24 9:30AM; Conference Room 229.
2024-02-02SenateThe committee(s) on CPN/EET has scheduled a public hearing on 02-07-24 9:30AM; Conference Room 229 & Videoconference.
2024-02-02SenateRe-Referred to CPN/EET, WAM/JDC.
2024-01-29SenateReferred to CPN/EET/WTL, WAM/JDC.
2024-01-24SenatePassed First Reading.
2024-01-24SenateIntroduced.

Same As/Similar To

HB2686 (Same As) 2024-04-26 - Conference Committee Meeting will reconvene on Friday, 04-26-24 at 5:35PM in Conference Room 224.

Subjects


Hawaii State Sources


Bill Comments

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