Informing the Legislature that on June 5, 2026, the Governor signed the following bill into law: HB1824 HD1 SD1 CD1 (ACT 100).

This bill allows small condominium associations in Hawaii with fewer than twenty units and buildings no more than two stories to skip mandatory third-party reserve study reviews for a single three-year period. To qualify for this waiver, the association must vote in favor of skipping the review, keep a record of the decision, and continue providing annual financial information to owners. The law also prevents these small associations from waiving the requirement for two consecutive three-year periods to ensure long-term financial oversight. While the exemption applies to the external review, the bill maintains existing rules requiring associations to prepare and disclose their own reserve budgets and financial details.