RELATING TO CONDOMINIUMS.
Sponsored By: Scot Z. Matayoshi (Democratic)
In Committee
Summary
Provides that a condominium board's or its officer's or member's failure to maintain the minimum required balance for a condominium's replacement reserves fund may constitute a violation of the fiduciary duty owed. Establishes a minimum balance for a condominium association's replacement reserves fund, with an exception for sufficient assessments. Effective 9/1/2025.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Scot Z. Matayoshi
Democratic • House
Cosponsors
Cory M. Chun
Democratic • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025The committee(s) on CPC recommend(s) that the measure be deferred.
2/19/2025HouseBill scheduled to be heard by CPC on Wednesday, 02-19-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2/14/2025HouseReferred to CPC, referral sheet 1
1/21/2025HouseIntroduced and Pass First Reading.
1/16/2025HousePrefiled.
1/14/2025House
Bill Text
Original
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