States / Hawaii / SB 253

SB 253 Passed First Chamber

RELATING TO CONDOMINIUM RESERVES.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Requires a detailed budget summary to contain all required information without referring the reader to other portions of the budget or reserve study. Excludes the good faith defense for associations whose boards adopt a budget that omits the required detailed budget summary. Clarifies a unit owner's standing and the association's burden of proving substantial compliance. Effective 7/1/3000. (HD1)

Chamber
Senate
Introduced
Jan 13, 2025
Last action
Jan 13, 2025 — Pending Introduction.
Session
2026
Momentum
70 · High