Purchase Of Real Property
Hawaii 2024 Regular Session
Relating To Real Property. [HB-2594]
Prohibits certain persons affiliated with the Chinese Communist Party from acquiring real property or any interest in real property in the State, except a de minimus indirect interest. Establishes exceptions. Requires a person affiliated with the Chinese Communist Party who owns real property that was acquired under an exception to register the ownership with the Attorney General. Requires a buyer of real property to provide a signed affidavit attesting that the buyer is not a person affiliated with the Chinese Communist Party. Authorizes the forfeiture
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Sponsored by: Rep. Lauren Matsumoto
Referred To Wal, Cpc, Fin, Referral Sheet 3 on 01/26/2024
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Gettr Hawaii 2024 Regular Session
Relating To Real Property. [HB-2542]
Prohibits foreign principals from acquiring real property in the State or any interest in real property in the State, except a de minimus indirect interest. Defines foreign principal. Requires a foreign principal that owns real property that was acquired before this measure's effective date to register the ownership with the Attorney General. Requires a buyer of real property to provide a signed affidavit attesting that the buyer is not a foreign principal. Authorizes the forfeiture of real property or an interest in real property that is owned
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Sponsored by: Rep. Diamond Garcia
Referred To Wal, Cpc, Fin, Referral Sheet 3 on 01/26/2024
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Hawaii 2024 Regular Session
Relating To Real Property. [SB-2617]
Requires the Legislative Reference Bureau to conduct a study and report on the forty-one states in the country that have enacted laws limiting the sale of real property to foreign individuals or entities, and how those laws and related constitutional precedents could inform demand-side regulations for the real estate market in Hawaii in favor of resident ownership, specifically owner-occupied resident ownership. Makes an appropriation. Declares that the general fund expenditure ceiling is exceeded. Takes effect 7/1/2040. (SD1)
Sponsored by: Sen. Jarrett Keohokalole
Referred To Wal/cpc, Fin, Referral Sheet 16 on 03/07/2024