SB 744 Hawaii Senate · 2025 Regular Session

RELATING TO CONDOMINIUMS.

Summary

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 and essential repairs. Establishes the Condominium Loan Loss Reserves Program to incentivize lenders into providing loans at competitive rates and terms 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. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Mar 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB744 → SB744_SD1 · 6 edits

MODERATE

The bill was converted from a standard legislative draft into a structured amendment document with metadata headers and formatting changes. The substantive policy content remains consistent, establishing a condominium loan program and loan loss reserves program to help associations fund repairs and improve insurability. The effective date is set to July 1, 2050, and the bill includes provisions for annual reporting and fund management.

Scope change

The bill's scope remains focused on providing financing for condominium associations to address deferred maintenance and structural issues, with no substantive change to applicability.

TECHNICAL

Document formatting changed from standard bill text to structured amendment markup with metadata headers including author information and timestamps.

Removed page headers, footers, and document metadata that were present in the original draft.

Added metadata headers including author names (Jane Lee, Bill SD, Ainoa Naniole), timestamps, and document revision information.

TIMELINE

Effective date specified as July 1, 2050, with annual reports required beginning in the 2027 legislative session.

FISCAL

Appropriations amounts shown as blank ($________) rather than specific dollar amounts, indicating amounts to be filled in during final passage.

REQUIREMENT

Added detailed provisions for annual reporting requirements for both the authority and participating financial institutions.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2025

Committee

Referred to CPC, FIN, referral sheet 18

lower

Feb 28, 2025

Introduced

Received from Senate (Sen. Com. No. 45) in amended form (SD 1).

lower

Feb 28, 2025

Upper · Passed

Report Adopted; Passed Third Reading. Ayes, 23; Aye(s) with reservations: Senator(s) Inouye. Noes, 0 (none). Excused, 2 (Senator(s) Fukunaga, Kidani). Transmitted to House.

upper

Feb 18, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Elefante, Hashimoto, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: Senator(s) Inouye ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite.

upper

Feb 14, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-18-25 10:01AM; Conference Room 211 & Videoconference.

upper

Feb 7, 2025

Committee

Reported from CPN/EDT (Stand. Com. Rep. No. 100) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 5, 2025

Upper · Passed

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

upper

Feb 5, 2025

Upper · Passed

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, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.

upper

Jan 31, 2025

Upper · Passed

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

upper

Jan 23, 2025

Committee

Referred to CPN/EDT, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

4 primary · 0 co-sponsors