Hawaii House Bill 2542

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-01-26 - Referred to WAL, CPC, FIN, referral sheet 3
Pending: House Water & Land Committee
Text: Latest bill text (Introduced) [HTML]

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 or acquired unlawfully. Establishes penalties. Declares that the appropriation exceeds the state general fund expenditure ceiling for 2024-2025. Appropriates moneys.

Relating To Real Property.

Rep. Diamond Garcia [R]

Date	Chamber	Action
2024-01-26	House	Referred to WAL, CPC, FIN, referral sheet 3
2024-01-24	House	Introduced and Pass First Reading.
2024-01-23	House	Pending introduction.

SB2617 (Same As) 2024-03-07 - Referred to WAL/CPC, FIN, referral sheet 16

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2542&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/HB2542_.HTM