Bill Text: HI SB2020 | 2010 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Real Property; Leasehold; Lease Rent Renegotiation

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Vetoed) 2010-07-06 - (S) Vetoed on 07-06-10 - Returned from the Governor without approval (Gov. Msg. No. 667). [SB2020 Detail]

Download: Hawaii-2010-SB2020-Amended.html

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STAND. COM. REP. NO.  1135-10

 

Honolulu, Hawaii

                , 2010

 

RE:   S.B. No. 2020

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Judiciary, to which was referred S.B. No. 2020, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO REAL PROPERTY,"

 

begs leave to report as follows:

 

     The purpose of this bill is to help stabilize Hawaii's economy by addressing some of the burdensome or vague provisions of existing commercial and industrial leases of certain lands within urban districts by extending the sunset date for Act 189, Session Laws of Hawaii 2009 (Act 189), to July 1, 2014.

 

     Specifically, Act 189 clarifies provisions in long-term commercial and industrial ground leases without substantial reduction in the economic benefit to the owners or impact on their ownership of the land, without impairing their lease contracts, and without the taking of any property rights without due process of law.

 

     Citizens for Fair Valuation; Grace Pacific Corporation; GP Roadway Solutions; Servco Pacific Inc.; Big Rock Manufacturers, Inc.; Inter-Island Solar Supply; A-1 A-Lectrician, Inc.; Central Park Community Association; Plywood Hawaii; and several concerned individuals supported this bill.  The Land Use Research Foundation of Hawaii, HRPT Properties Trust, and Hawaii Association of REALTORS opposed this measure.

 

     Your Committee has amended this bill by:

 

(1)  Changing the sunset extension from 2014 to 2011;

 

(2)  Changing the effective date to December 21, 2058, to encourage further discussion; and

 

(3)  Making technical, nonsubstantive changes for clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2020, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2020, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Judiciary,

 

 

		____________________________ JON RIKI KARAMATSU, Chair