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SB 1372

RELATING TO CONDOMINIUM ASSOCIATION'S OPERATING BUDGET.

2026 Regular Session Introduced by Ron Kouchi

SB 1372 establishes condominium association operating budget requirements in Hawaii to improve transparency and financial management for unit owners.

Carried over to 2026 Regular Session.
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Bill Summary · SB 1372

Legislative bill overview

SB 1372 addresses procedures and requirements governing how condominium associations in Hawaii prepare, adopt, and manage their operating budgets. The bill was introduced by Senator Ron Kouchi but has not yet advanced to a substantive vote, having been deferred by the Consumer Protection and Commerce Committee (CPN) and carried over to the 2026 legislative session.

Why is this important

Condominium operating budgets directly affect what unit owners pay in monthly assessments and determine funding for building maintenance, repairs, and reserve funds. Clear budget requirements can protect residents from surprise assessments or underfunded reserves that lead to costly emergency repairs, while also establishing accountability for how associations spend collected fees.

Potential points of contention

  • Assessment transparency vs. association autonomy: Stricter budget requirements may increase administrative burden on volunteer-run associations while potentially limiting their flexibility to respond to unexpected expenses
  • Reserve fund mandates: Proposals to require specific reserve funding levels could increase owner costs but protect against deferred maintenance crises
  • Enforcement mechanisms: Unclear what penalties or remedies exist if associations fail to follow new budget procedures, and whether this creates liability exposure for board members

Compiled from official sources — confirm details with the bill’s official record.

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