SB 1601: RELATING TO CONDOMINIUMS.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Establishes within the Hawaii Green Infrastructure Authority the Condominium Loan Program to provide qualified condominium associations with low-cost financing or refinancing on previously obtained loans for maintenance or repair projects. Limits loan terms to 20 years and prohibits any new loans after 6/30/2047. Establishes the Condominium Loan Loss Reserves Program to incentivize community development financial institutions into providing loans at competitive rates and terms to condominium associations for the purpose of allowing condominium associations to make necessary maintenance or repairs. Requires annual reports to the Legislature. Appropriates funds into and out of the Condominium Loan Revolving Fund. Effective 7/1/2050. Repeals 06/30/2047. (SD2)

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. December 8, 2025Carried over to 2026 Regular Session.
2. March 6, 2025Pass First Reading
3. March 6, 2025Referred to CPC, FIN, referral sheet 19
4. March 4, 2025Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
5. March 4, 2025Received from Senate (Sen. Com. No. 376) in amended form (SD 2).
6. February 28, 2025Reported from WAM/JDC (Stand. Com. Rep. No. 889) with recommendation of passage on Third Reading, as amended (SD 2).
7. February 28, 202548 Hrs. Notice 03-04-25.
8. February 19, 2025The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: Senator(s) Inouye ; 0 No(es): none; and 0 Excused: none.
9. February 19, 2025The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 4 Aye(s): Senator(s) Rhoads, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Gabbard.
10. February 14, 2025Reported from CPN/EDT (Stand. Com. Rep. No. 639) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
11. February 14, 2025Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
12. February 14, 2025The committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.

Showing 12 most recent of 20 actions. Full history