summary
Introduced
01/22/2026
01/22/2026
In Committee
02/20/2026
02/20/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requires the Condominium Education Trust Fund to be used for educational resources for condominium unit owners in condominium governance, including programs designed to improve owner understanding of association operations, reserve requirements, financial obligations, and governance rights. Requires the Real Estate Commission to ensure the interests of condominium unit owners are represented in certain activities funded by the Condominium Education Trust Fund and to adopt rules protecting the rights of condominium unit owners for purposes of condominium governance. Effective 7/1/2050. (SD1)
AI Summary
This bill expands the use of the Condominium Education Trust Fund to include educational resources for condominium unit owners, aiming to improve their understanding of association operations, reserve requirements, financial obligations, and governance rights. The Real Estate Commission, which oversees this fund, will be required to ensure that condominium unit owners' interests are represented in activities funded by the trust and to adopt rules that protect their rights in condominium governance. This legislation acknowledges that condominium owners directly face the financial consequences of decisions made by their associations and aims to give them a stronger voice and better understanding of how their homes and finances are managed.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Carol Fukunaga (D)*,
Sharon Moriwaki (D)*,
Lorraine Inouye (D),
Angus McKelvey (D),
Joy San Buenaventura (D),
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 02/20/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2433&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2433_SD1_.HTM |
| Committee Report SB2433_SD1_SSCR2629_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/SB2433_SD1_SSCR2629_.pdf |
| SB2433_TESTIMONY_CPN_02-13-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/SB2433_TESTIMONY_CPN_02-13-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2433_.HTM |
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