SB 1046 Hawaii Senate · 2026 Regular Session

RELATING TO CONDOMINIUMS.

Summary

Requires certain managing agents to notify each unit owner and the Real Estate Commission when a condominium association that the agent manages fails to meet budget and replacement reserves reporting requirements. Effective 7/1/2050. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

Senate Passage

Mar 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB1046 → SB1046_SD1 · 3 edits

MINOR

This bill revision clarifies that managing agents must report to unit owners and the Real Estate Commission only when a condominium association fails to meet budget and reserve requirements. It specifically limits this reporting obligation to agents whose contracts include financial responsibilities and the authority to communicate directly with owners, rather than applying to all agents universally. The effective date of the law is set to July 1, 2050.

Scope change

The bill's applicability was narrowed from all managing agents to only those with specific contractual authority over budgets and reserves.

REQUIREMENT

Reporting obligations for managing agents are now conditional on the agent's contract including budgetary/reserve responsibilities and the authority to correspond with unit owners.

TIMELINE

The effective date of the Act was changed from immediate approval to July 1, 2050.

TECHNICAL

Header metadata and bill identifiers were updated to reflect the SD1 version and revised revision numbers.

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 6, 2025

Committee

Referred to CPC, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 248) in amended form (SD 1).

lower

Mar 4, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 27, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1).

upper

Feb 21, 2025

Upper · Passed

The 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, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 10, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to CPN.

upper

Jan 17, 2025

Introduced

Introduced.

upper

6 primary · 0 co-sponsors